SunSirs: China's Crude Steel Output Reaches 891.67 Million Tons in January-November 2025, Down 4.0% Year-on-Year

According to data from the National Bureau of Statistics:In November 2025, China's crude steel output was 69.87 million tons, down 10.9% year-on-year; pig iron output was 62.34 million tons, down 8.7% year-on-year; and steel product output was 115.91 million tons, down 2.6% year-on-year.

From January to November 2025, China's crude steel output totaled 891.67 million tons, down 4.0% year-on-year; pig iron output reached 774.05 million tons, down 2.3% year-on-year; and steel product output amounted to 1,332.77 million tons, up 4.0% year-on-year.

In November, the value-added of industrial enterprises above designated size increased by 4.8% year-on-year in real terms (all growth rates represent real growth after adjusting for price factors). Month-on-month, industrial output value of enterprises above designated size increased by 0.44% in November. From January to November, industrial output value of enterprises above designated size grew by 6.0% year-on-year.

By major industrial categories, in November, the mining industry saw a 6.3% year-on-year increase in output value, the manufacturing sector grew by 4.6%, and the electricity, heat, gas, and water production and supply sector expanded by 4.3%.

By economic type, in November, value-added output of state-controlled enterprises increased by 4.2% year-on-year; shareholding enterprises grew by 5.2%; foreign-funded and Hong Kong, Macao, and Taiwan-funded enterprises increased by 3.4%; and private enterprises grew by 3.2%.

By product, in November, output of 310 out of 623 industrial products above designated size increased year-on-year. Among them: - Steel: 115.91 million tons, down 2.6% year-on-year; - Cement: 154.34 million tons, down 8.2%; - Ten non-ferrous metals: 6.99 million tons, up 4.7%; - Ethylene: 3.09 million tons, up 7.3%; automobiles reached 3.519 million units, up 2.4%, including 1.841 million new energy vehicles, up 17.0%; electricity generation totaled 779.2 billion kilowatt-hours, up 2.7%; and crude oil processing volume reached 60.83 million tons, up 3.9%.

In November, the product sales rate of industrial enterprises above designated size stood at 96.5%, down 0.8 percentage points year-on-year. Export delivery value of industrial enterprises above designated size reached 1.361 trillion yuan, down 0.1% in nominal terms year-on-year.

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