In 2021, China EAF steel output will reach about 118 million tons, graphite electrode output will increase by 5.6% YOY

In 2021, China's electric furnace steel output opened high and went low, making up for last year's production gap during the epidemic period in the first half of the year, with a year-on-year increase of 32.84 percent to 62.78 million tons. Viewing the high quality graphite electrode from us. In the second half of the year, subject to double control of energy consumption and power and production restriction, the output of electric furnace steel continued to decline. According to statistics, the output is expected to reach about 118 million tons in 2021, with a year-on-year increase of 16.8%.

As the output of EAF increased year by year and the gradual recovery of export after COVID-19's continued in 2020, according to statistics, China's graphite electrode capacity in 2021 was 2.499 million tons, up 16% over the same period last year. The output of graphite electrode in China is expected to reach 1.08 million tons in 2021, with a year-on-year increase of 5.6%.

According to customs data, China's total export of graphite electrodes is expected to reach 370，000 tons in 2021, with a year-on-year increase of 20.9%, surpassing the level in 2019. According to the export data from January to November, the top three export destinations are: Russian Federation 39,200 tons, Turkey 31,500 tons and Italy 21,500 tons, accounting for 10.6%, 8.5% and 5.8% respectively, contacting us for more steel market news.

Figure: Statistics of China's Graphite electrode Exports by Quarter 2020-2021 (10000 tons)