Cisa member mills’ output dips in mid-May

China’s medium-sized and large steelmakers saw their crude steel output dip in mid-May, the first drop since April.

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

Member mills of the China Iron & Steel Assn (Cisa), the majority of which are steelmakers of such sizes, produced 1.8005 million tpd of crude steel over the second ten days of the month, a decrease of 1.29% from the first ten days, according to data released by the industry body on Tuesday May 27.

The production decline is likely to be due to maintenance being undertaken by several major mills, including eastern China’s Shagang and north-eastern China’s Benxi Iron & Steel, market observers suggested.

Meanwhile, the blast furnace utilisation rate in Hebei province’s Tangshan city also recorded a drop, at 88.69% on May 23, which compares with 89.73% on May 9, according to market sources.

“The market could remain under pressure despite the drop in output, as it still remains high,” a Shanghai-based trading source said.

As at May 20, Cisa member mills’ combined finished steel inventory totalled 14.998 million tonnes, up 4.9% from May 10 levels.

What to read next
Steel trading and production have come to a halt in the eastern Turkish region of Iskenderun following a devastating earthquake that hit the region on Monday February 6 and put mills in the area under force majeure, sources told Fastmarkets on Tuesday
A 120-day closure of four Illinois dams scheduled for 2023 will disrupt barge shipments and have potentially both negative and positive impacts on scrap and finished steel products from Canada to Texas
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
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.