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China’s crude steel production slips

Keywords: Tags  Chine steel, steel output, China Iron and Steel Association, Cisa

SHANGHAI — China’s crude steel output averaged 2.12 million tonnes per day in the second 10 days of August, down 1.2 percent from the first 10 days of the month, the China Iron and Steel Association (Cisa) said Aug. 28.

Output by Cisa member steelmakers—mainly medium-size to large mills—fell 1.5 percent to a daily average of 1.74 million tonnes, more than market analysts expected because finished steel prices have remained strong since the beginning of August and mills generally have operated at high utilization rates.

Inventories held by Cisa member steelmakers totaled 12.83 million tonnes as of Aug. 20, up 5.5 percent from Aug. 10.

A version of this article was first published by AMM sister publication Steel First.

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