China’s daily crude steel output down slightly in mid-May

China’s daily output of crude steel stood at 2.185 million tonnes in mid-May, down 0.36% from an all-time high 10 days earlier, according to estimates from China Iron & Steel Assn (Cisa) on Monday May 27.

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

Crude steel output hit a record 2.193 tpd in early May.

Cisa members saw their output dip 0.4% in mid-May to 1.74 million tpd.

However, their stock went the other direction, rising by 590,000 tonnes to 13.68 million tonnes by May 20.

Given that mills are still able to make profits now, large-scale production cuts are unlikely. This would keep output high until late-June, when many mills have scheduled maintenance, a Beijing-based analyst said.

“If there are any price rebounds, their maintenance would be delayed to July or August,” he added.

What to read next
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
The current shortage of some higher purity grades of aluminium, such as P0610, and the robust demand for units should maintain the higher differential to prices for P1020-grade aluminium, market sources told Fastmarkets on Monday January 30
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.