In the first three quarters of 20 12, the crude steel output was 542 million tons, and the steel output was 708 million tons. Why is steel output higher than crude steel? What's the difference between crude steel and steel? First of all, the crude steel output in the first three quarters is the weight of crude steel produced in these three quarters. The steel output is not necessarily rolled only by crude steel in the third quarter, but also by inventory, futures and tailings in the previous period. So this is normal.

Crude steel is billet, ingot and other blanks, and to put it bluntly, it is semi-finished products. Steel is a direct finished product.