daily crude steel output for the final 10 days of September
stood at 1.843 million tonnes, down 0.7 percent from 1.857
million tonnes in the previous 10-day period, according to the
China Iron and Steel Association (Cisa).
Output from Cisas members
dropped 0.9 percent to 1.509 million tonnes per day in the same
Crude steel production averaged
1.865 million tonnes per day for the month, down 3 percent from
"The actual output for late
September may be higher, since the production of private steel
mills could rebound beyond Cisas estimation, which is
based on major mills," a trader in Shanghai told AMM
sister publication Steel First.
"Private mills, which are more
flexible in operations, ran at higher production utility rates
after steel prices rebounded in September," an industry analyst
in Beijing added.
Hot-rolled coil prices in eastern China stood at 3,600 to
3,650 yuan ($573 to $581) per tonne at the end of the month, up
375 yuan ($59) from the beginning of September.