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China's steel output declined in 2021 amid the country's endeavor to achieve carbon peaking and carbon neutrality goals.

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 143.3 million tonnes (Mt) in November 2021, a 9.9% decrease compared to November 2020.

Steel exports jumped 31.3 percent from a year earlier to 53.02 million tonnes during the period.

In 2020, crude steel output rose by 5.2 percent year on year to exceed 1.05 billion tonnes, according to the association.

worldsteel: October 2021 crude steel production.

In October, China's crude steel output was 71.58 million tons, a year-on-year decrease of 23.3%.

China's largest steelmakers scaled back production in late October to the lowest since March 2018, after slightly increasing output from lows in late September.

JSW's average capacity utilisation rose to 95pc during October compared with 89pc a year earlier and the highest since March this year when it was 96pc.