The October output represented 5.5-percent growth from the same period in 2019, the NBS said.

In October, China's crude steel output was 71.58 million tons, a year-on-year decrease of 23.3%.

China's largest steelmakers scaled back production in late October to the lowest since March 2018, after slightly increasing output from lows in late September.

JSW's average capacity utilisation rose to 95pc during October compared with 89pc a year earlier and the highest since March this year when it was 96pc.

Its major markets included the US, European and Southeast Asian nations.

Up 16.5 Percent YTD in 2021 from Same Period in 2020.

The United States’ imports of finished steel products increased moderately month on month but ballooned year on year in September.

Adjusted year-to-date production through October 23, 2021 was 77,019,000 net tons, at a capability utilization rate of 81.3 percent.