Over January-April this year, China's pig iron output recorded a 9.4% on-year decline to reach 280.3 million tonnes, according to data released by the country's National Bureau of Statistics (NBS) on May 16. But the drop volume in the first four months was less than the 10.3% on-year plunge in the country's crude steel output during the same period.
In fact, in April alone, domestic pig iron output grew significantly by 5.18 million tonnes or 7.2% on month to 76.78 million tonnes, the highest since May 2021. Last month's total was flat on year, however.
Consequently, on a per-day basis last month, daily pig iron output also recovered to a