Chinas crude steel output averaged 2.14 million tonnes
per day in the first 10 days of August, up 2.7 percent from
late July, the China Iron and Steel Association (Cisa) said
Output by Cisa
membersmainly medium-sized and large steel
millsincreased 5.5 percent to a daily average of 1.76
steelmakers inventories totaled 12.16 million tonnes on
Aug. 10, down 1.5 percent from the end of July.
Domestic steel prices have been rallying since mid-June,
with rebar prices in eastern China up 12.8 percent to 3,520 to
3,710 yuan ($571 to $602) per tonne at the end of last
A version of this article was first published by AMM sister
publication Steel First.