China’s top seven steel-producing regions have shown a cumulative 9% drop in production for January-May, 2022. Total volumes in this period touched 435.02 million tonnes (mnt) against 476.47 mnt seen in the same period in 2021.
While volumes from the top-most producing province, Hebei, showed 12% y-o-y drop at 90.58 mnt, the steepest 21% fall was recorded by Shandong, at 29.57 mnt. The second-highest crude steel producing province, Jiangsu, saw a 7% drop to 50.78 mnt in this period.
As per China’s National Bureau of Statistics, the country’s crude steel production over January-May, 2022 dropped 8.7% y-o-y to 435.02 mnt.
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