Daily crude steel production at key member firms of China Iron and Steel Association (CISA) stood at 2.04 million tonnes during October 11-20, down 2.11% compared with the previous ten days, the CISA data showed.

Daily output of pig iron averaged 1.89 million tonnes during the same period, falling 1.67% from ten days ago. Daily output of finished steel dropped 0.40% from ten days ago to 2.02 million tonnes.

Nationwide, daily output of crude steel was estimated to decrease 0.69% from ten days ago to 2.72 million tonnes. The daily pig iron production is anticipated to be 2.37 million tonnes, a 0.47% slip compared to ten days earlier, and daily finished steel output at 3.91 million tonnes, dipping 0.39%.

As of October 20, CISA key member steel mills held 16.51 million tonnes of finished steel in stock, 0.93% or 152,100 tonnes higher than in early October and up 4.80% or 756,400 tonnes compared with the same period in September. The volume was 6.80% or 1.21 million tonnes lower than the same period in the preceding year, data showed.

(Writing by Riley Liang  Editing by Emma Yang)
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