Steel production in China in October fell by 12.1% compared to the same month last year, to 72 million tons, according to the country's State Statistical Office.
This is the lowest production volume since December 2023.In the first ten months of this year, the country produced 817.87 million tons of steel, which is 3.9% less than in the same period last year. earlier.
Pig iron production in January-October decreased by 1.8% to 711.4 million tons. In particular, last month's production amounted to 65.6 million tons, a decrease of 7.9%.
China's steel production is expected to fall below 1 billion tons in 2025 for the first time in six years.
