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Steel production has declined. According to the data of the National Bureau of Statistics, from January to October 2022, the production of pig iron and crude steel in China were 726.892 million tons and 860.569 million tons respectively, down 1.2% and 2.2% year on year respectively.
The import and export volume of steel products decreased generally. According to the data of China Customs, the country exported 56.36 million tons of steel from January to October, a year-on-year decrease of 1.8%. Among them, 5.18 million tons of steel were exported in October, up 16.1% year on year. From January to October, the country imported 9.11 million tons of steel, down 23% year on year. Among them, 770000 tons of steel were imported in October, down 31.5% year on year.
The price of steel decreased slightly. According to the monitoring of China Iron & Steel Association, China's comprehensive steel price index at the end of October was 109.50 points, down 3.26 points month on month, or 2.9%.
Imports of minerals have kept decreasing. According to the data of the China Customs, the import volume of iron ore and its concentrates from January to October was 917.42 million tons, down 1.7% year on year. Among them, the import in October was 94.98 million tons, up 3.7% year on year.
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- [Editor:kangmingfei]
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