Economic growth in the first three quarters turned from negative to positive, how did steel perform?

On October 19, the Bureau of Statistics released data showing that in the first three quarters, my country’s economic growth turned from negative to positive, the relationship between supply and demand has gradually improved, the dynamics of the market have increased, employment and people’s livelihoods have been better guaranteed, the national economy has continued to recover and the overall social situation has remained stable.

In the general economic environment, the steel industry also performed well in the first three quarters.

In the first three quarters, my country produced 781.59 million tons of crude steel. Data from the National Bureau of Statistics show that in September 2020, my country's average daily output of crude steel was 3.085 million tons, average daily output of pig iron was 2.526 million tons, and average daily output of steel was 3.935 million tons. From January to September, my country produced 781.59 million tons of crude steel, 66.548 million tons of pig iron and 96.24 million tons of steel.

In the first three quarters, my country exported 40.385 million tons of steel. According to data from the General Administration of Customs, in September, my country exported 3.828 million tons of steel, an increase of 150 thousand tons from August; from January to September, my country's cumulative export of steel was 40.385 million tons, a year-on-year decrease of 19.6%.

In September, my country imported 2.885 million tons of steel, an increase of 645,000 tons from August; from January to September, my country’s cumulative steel imports were 15.073 million tons, an increase of 72.2% year-on-year.

In September, my country imported 10.8544 million tons of iron ore and its concentrates, an increase of 8.187 million tons from August. From January to September, my country's total imported iron ore and its concentrates totaled 86.462 million tons, a year-on-year increase of 10.8%.