Core Insights - The China Iron and Steel Association reported that in early October 2025, key steel enterprises produced 20.32 million tons of crude steel, with an average daily output of 2.032 million tons, reflecting a week-on-week increase of 7.5% [1] - The production of pig iron reached 18.75 million tons, with an average daily output of 1.875 million tons, showing a week-on-week increase of 3.2% [1] - Steel product output was 19.61 million tons, with an average daily output of 1.961 million tons, indicating a week-on-week decrease of 8.5% [1]

Core Insights - In July, the national crude steel production reached 79.66 million tons, marking a year-on-year decrease of 4.0% and a month-on-month decline of 4.24%, the lowest level since December 2024 [1] - The production of pig iron was 70.80 million tons, also the lowest since December 2024, with a month-on-month decrease of 1.54% and a year-on-year decrease of 1.4% [1] - Steel production totaled 122.95 million tons, the lowest since December 2024, with a month-on-month decline of 3.82% but a year-on-year increase of 6.4% [1] Production Summary - From January to July, the cumulative crude steel production was 594 million tons, reflecting a year-on-year decrease of 3.1% [1] - Cumulative pig iron production for the same period was 506 million tons, down 1.3% year-on-year [1] - Cumulative steel production reached 860 million tons, showing a year-on-year increase of 5.1% [1]

Core Viewpoint - The China Iron and Steel Association reported that major steel enterprises produced a total of 22.05 million tons of crude steel in early May 2025, indicating a slight increase in daily production compared to the previous period [1] Production Data Summary - Crude Steel Production: 22.05 million tons, with an average daily production of 2.205 million tons, reflecting a month-on-month increase of 0.2% [1] - Pig Iron Production: 19.90 million tons, with an average daily production of 1.990 million tons, showing a month-on-month increase of 1.6% [1] - Steel Products Production: 20.83 million tons, with an average daily production of 2.083 million tons, indicating a month-on-month decrease of 8.4% [1]