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

  • Document

    Revising China's hot metal production

    PDF 550.40 KB

Table of contents

  • Executive summary
    • Higher reliance on integrated route and lower scrap usage
    • Energy-saving campaign was the main reason for production under-reporting
    • 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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