China’s daily crude steel output rises slightly in early June

China’s crude steel output rose again in early June after recording drops over the preceding 20 days, according to estimates from China Iron & Steel Assn (Cisa) released on Wednesday June 19.

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

The country’s daily crude steel output averaged 2.1563 million tonnes during the first 10 days of June, up 0.1% from late May.

Cisa members reported a daily output of 1.7318 million tonnes in early June, up 1.3% from the preceding 10 days.

Output from non-Cisa member mills fell by 20,000 tpd to 425,000 tpd.

“The output decline is due to the recent environmental crackdown,” an industry analyst in Beijing said.

Cisa members’ inventory stood at 12.87 million tonnes as at June 10, down 117,000 tonnes compared with the level at the end of May.

What to read next
Following a six-week consultation period, Fastmarkets can confirm it will amend the calculation method for all the average functions on the Fastmarkets platform from Wednesday March 1, 2023.
Consolidation, the recycling of electric vehicle batteries, US steel exports and the benefits of sustainable steelmaking were key talking points at Fastmarkets’ Scrap & Steel 2023 conference in Dallas in January
Green shoots of increased demand will emerge in US ferrous markets courtesy of the Biden administration’s trillion-dollar infrastructure package in 2023, Schnitzer’s executive vice president and chief strategy officer Richard Peach said at Fastmarkets’ Steel and Scrap Conference 2023 in Dallas, Texas
US special bar quality steel prices rose in January in line with rising scrap and alloy costs, according to market participants
European metal industry association Eurometaux has called on the European Commission to follow the lead shown by the Inflation Reduction Act and deliver a “powerful” policy to support the industry in the EU while it tries to keep up with the move to a new generation of energy markets
The fallout from Russia’s invasion of Ukraine is changing global trade flows for bauxite, with Brazilian material once again flowing into China and with the introduction of export restrictions elsewhere likely to influence availability through 2023
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed