China’s finished steel production up 6.6% to 2.2 mln tpd in late January

Member mills of the China Iron & Steel Association (Cisa) raised their finished steel production from January 21-31, from the preceding 10 days, according to data published by the association on Wednesday February 3.

January 21-31 output
Crude steel: 2.18 million tonnes per day, down 1.87%
Finished steel: 2.20 million tpd, up 6.60%
Hot metal: 1.92 million tpd, down 2.07%

Mills’ finished steel inventories
13.76 million tonnes, down 280,400 million tonnes (2%)

Spot market inventories

Hot-rolled coil: 1.41 million tonnes, up 1.4%
Cold-rolled coil: 1.02 million tonnes, up 1%
Plate: 1.01 million tonnes, up 6.3%
Wire rod: 1.73 million tonnes, up 26.3%
Rebar: 4.56 million tonnes, up 25.6%
Total (all five major products): 9.73 million tonnes, up 1.38 million tonnes or 16.5%

Cisa’s output data for the preceding 10 days can be found here.

What to read next
Chinese lead smelters turned more bearish on the procurement of raw materials in the week to Friday February 13, amid heightened price volatility in silver, which is often contained in lead ores as an important by-product and contributor to smelter profits, sources told Fastmarkets.
The outbreak of conflict between the US, Israel and Iran on February 28 has brought shipping through the Strait of Hormuz to a near halt, disrupting China’s steel exports to a region that accounted for 14% of its total finished steel export volume in 2025.
The recent wave of anti-dumping measures approved in Brazil has been met with some concern in China — the country most affected by the Brazilian government’s decisions in this case — but despite the negative impact, Chinese participants see the moves as just another phase of doing business.
The escalating tensions between Iran and Israel since Saturday February 28 have heightened market concerns over potential disruptions to maritime trade routes, particularly the Strait of Hormuz – a key transit corridor for Iranian material shipments bound for China.
Zimbabwe has suspended exports of all raw minerals and lithium concentrates with immediate effect, the Ministry of Mines and Mining Development said on Wednesday February 25, citing alleged malpractice and mineral leakages.
Lithium hydroxide production outside China continues to encounter operational hurdles and softer downstream demand, slowing the pace at which new capacity can achieve stable commercial output.