Chinas 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
steelmakersmainly medium-size to large millsfell
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.
A version of this article was first published by AMM sister
publication Steel First.