While widespread environmental inspections including local initiatives resulted in various degrees of production limitations across China in June, the country managed to produce record high crude steel on an average daily basis.
Data from the National Bureau of Statistics (NBS) showed that the daily output averaged 2.67 million mt last month, and the June production, at 80.2 million mt, was up 7.5% year on year. Pig iron output last month was also 3.8% higher than a year ago.
We?believe one of the reasons was because the production limitations in June mainly targeted sintering and pelletising processes. This had limited impact on crude steel production as mills chose to purchase such materials externally and raised the proportions of lumps into their furnaces.
The commissioning of new independent electric arc furnace?(EAFs) capacity and higher propo