China’s crude steel output continues to grow in late September

China’s crude steel output continued to rise in late September, putting further pressure on steel prices.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

China produced 2.152 million tpd of crude steel in the last ten days of September, up 0.4% from 2.144 million tpd recorded previously, according to estimates released by China Iron & Steel Assn (Cisa) on Monday October 14.

Output of Cisa member mills, which are mainly medium-to large-sized steelmakers averaged 1.788 million tpd in late September, up 0.5% from mid September.

Non-Cisa members’ daily output remained little changed at 364,000 tonnes.

By the end of the month, steel inventory of Cisa members stood at 12.61 million tonnes, down 4.6% from the previous ten days.

Average daily crude steel output for the first nine months of 2013 reached 2.09 million tonnes, which is an annualized rate of 763 million tonnes, up 6.6% from 716 million in 2012.

What to read next
Market participants are cautiously optimistic about a rebound in iron ore concentrate premiums, with steelmakers around the world set to ramp-up production in line with an anticipated increase in demand for steel products, Fastmarkets understands
General Motors (GM) is investing $650 million to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the US and the third largest in the world
Electrolysis processes developed by Boston Metal and Electra that eliminate the need for coal in steel production could be key to a net-zero emissions future for the metallics industry, attendees learned at Fastmarkets’ conference on January 17-19 in Dallas
Low supply, strong demand to spur scrap prices higher in Feb, market says
US deep-sea ferrous export prices from the East Coast to Turkey have plateaued, with a Turkish mill purchasing a cargo at prices stable from the last-reported sale
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.