China’s daily crude steel output slides further in late December

摘要

Major Chinese mills’ daily crude steel output as well as finished steel inventory levels continued to drop in late December.Members of the China Iron & Steel Association (Cisa) produced crude steel at an average rate of 1.78 million tonnes per day during the last 11 days of December, down 3% from 1.84 million tonnes per day in mid-December, according to data released by the industry body late on Thursday January 10.Cisa member mills, which are mainly medium-sized and large steelmakers, account for roughly 80% of the country’s total steel output.