The growth is five percentage points lower than in October.

Finished steel production in November jumped by 46.5 percent, an increase of 4.8 percentage points month on month; in addition, coke production went up by 59.6 percent while ferroalloy production soared by 98.5 percent.

Meanwhile, China’s finished steel exports in November topped 2.8 million tons, up 140,000 tons over October. Finished steel imports in November approached 1.3 million tons, down 190,000 tons from October. Semi-finished steel imports in November fell 30,000 tons from October to 300,000 tons. In addition, China’s coke exports in November were up 10,000 tons over October to 60,000 tons.

In the first 11 months of 2009, China’s crude steel production amounted to nearly 518.2 million tons, up 12.1 percent over the first 11 months of 2008. Meanwhile, finished steel production from January to November 2009 was up 17.4 percent to 628.3 million tons.

In the January to November period, China’s coke production totaled 314.4 million tons, up by 8.2 percent year over year. Ferroalloy production reached 19.8 million tons, up 15.8 percent.

Semis imports in the first 11 months stood at nearly 4.5 million tons; finished steel exports fell by 62.1 percent year over year to nearly 21.3 million tons, and finished steel imports were up by 11.4 percent to nearly 16.2 million tons. Finally, China’s iron ore imports during the period in question increased by 38.4 percent year over year to nearly 565.9 million tons with coke exports down 96 percent to 480,000 tons.

From January to November, China’s metallurgical industry achieved a total profit of CNY143.3 billion, down 40.8 percent year over year. The decrease rate was down 25.6 percentage points compared with that registered in the first eight months this year, according to SteelOrbis.