Insight
Revising China's hot metal production
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Report summary
In this insight, we explain why we believe production numbers published by NBS are underreported for recent years, and why we have revised them in order to more accurately reflect Chinese iron ore demand and domestic supply which is higher after the revision.
What's included
This report contains
Table of contents
- Executive summary
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Background
- Higher reliance on integrated route and lower scrap usage
- Energy-saving campaign was the main reason for production under-reporting
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Methodology and outcome
- Table 4: Calculation of hot metal production
- Impact on iron ore
Tables and charts
This report includes 4 images and tables including:
Images
- Chart 1: Steel production by process (BOF vs. EAF)
- Chart 2: Scrap rates in BOF and EAF
- Chart 3: Hot metal: crude steel production ratio
Tables
- Revising China's hot metal production: Table 1
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