The National Bureau of statistics released data on the 18th. According to preliminary accounting, China's gross domestic product (GDP) was 27017.8 billion yuan in the first quarter, a year-on-year increase of 4.8%.
In March, China's crude steel output was 88.3 million tons, a year-on-year decrease of 6.4%; The average daily crude steel output was 2.848 million tons, with a month on month increase of 6.4% and a year-on-year decrease of 6.1%. Since July 2021, the monthly average daily output has decreased continuously year-on-year. In the first quarter, China produced 243.38 million tons of crude steel, a year-on-year decrease of 10.5%.
In March, China's pig iron output was 71.6 million tons, down 6.2% year-on-year. In the first quarter, the cumulative pig iron output was 200.91 million tons, down 11.0% year-on-year; In March, the steel output was 116.89 million tons, a year-on-year decrease of 3.2%. In the first quarter, the cumulative steel production was 311.93 million tons, a year-on-year decrease of 5.9%.
In March, China's coke output was 40.17 million tons, a year-on-year decrease of 1.1%, and the cumulative output in the first quarter was 115.12 million tons, a year-on-year decrease of 4.9%.
In March, the added value of China's ferrous metal smelting and rolling processing industry decreased by 1.6% year-on-year, and the industrial added value of this industry decreased by 2.4% year-on-year in the first quarter.
In the first quarter, the capacity utilization rate of China's ferrous metal smelting and rolling processing industry was 77.0%, down 4.7 percentage points year-on-year, but increased by 2.4 percentage points compared with the first quarter of last year.