China’s crude steel output, mill inventory up in early September

China’s daily crude steel output rose in early September, putting more pressure on the market.

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

The country produced 2.129 million tpd of crude steel over the first ten days of the month, up 0.46% from the preceding eleven days, according to estimates released by China Iron & Steel Assn (Cisa) on Wednesday September 18.

Output of Cisa member mills, which are mainly medium-sized to large steel mills, reached 1.7625 million tpd, up 1.28% from the previous period.

Their combined inventory totalled 12.595 million tonnes as at September 10, up 1.16% from that on August 31.

By the end of September 10, combined steel inventory at Cisa member mills totalled 12.595 million tonnes, up 1.16% from August 31.

“China’s daily crude steel output began to increase in late August, and the higher inventory reflects the weaker market,” a trader in Shanghai said.

Spot rebar prices in eastern China dropped by 4.6% from mid-August to 3,380-3,520 yuan per tonne on September 13, according to Steel First’s price archive.

What to read next
The publication of Fastmarkets copper concentrates TC index, cif Asia Pacific was delayed on Friday March 26, due to a reporter error.
After a month-long consultation period, Fastmarkets has refined the delivery terms for its international nickel sulfate price assessments, with Japan and Korea now the only accepted locations.
After an extended consultation period, Fastmarkets has amended the specified brands in its cobalt standard grade and cobalt alloy grade price assessments.
A growing focus by consumers on Scope 3 carbon emissions is putting raw materials, such as bauxite and alumina, in the spotlight
Fastmarkets invited feedback from the industry on the pricing methodology for cobalt sulfate, spodumene and graphite price assessments via an open consultation process between April 13 and May 18, 2023. This consultation was done as part of our published annual methodology review process.
Fastmarkets proposes to amend the specification of its Chinese metallurgical coke export price assessment.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed