Search Copying and distributing are prohibited without permission of the publisher
Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5

  • By submitting this article to a friend we reserve the right to contact them regarding AMM subscriptions. Please ensure you have their consent before giving us their details.

Cisa-members’ crude steel production rises in late April

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

SHANGHAI — China’s crude steel output climbed further in late April, an indication of increasing supply pressure nationwide.

Output by the China Iron and Steel Association’s (Cisa’s) member mills—mainly medium-sized and large steelmakers—produced 1.8 million tonnes of steel per day during the last 10 days of April, up 2.66 percent from the preceding 10 days, the group said May 9.

Their output averaged 1.78 million tonnes per day for all of April, up 2.8 percent from the previous month, Cisa said.

The increase in production was within expectations, as mills generally saw profits improve amid steady steel prices and declining raw material costs over the past few weeks, market sources said.

However, the association didn’t publish its late-April estimate for the entire country’s daily crude steel output.

That move was likely an effort to avoid releasing figures that conflicted with data from the National Bureau of Statistics (NBS), a Beijing-based analyst said.

There have been significant gaps between the data released by Cisa and NBS in February to March. For example, China’s crude steel output in March was 2.27 million tonnes per day based on NBS figures while Cisa data put it at 2.09 million tonnes per day.

The combined finished steel inventory at Cisa’s member mills totaled 14.34 million tonnes as of April 30, down 9.3 percent from April 20.

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

Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Latest Pricing Trends