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    Chinese key steel mills' daily crude steel output down 4.2% in early Dec, CISA

    sxcoal.com Production & Sales,  Steel Products 2023-12-13 13:38:11

    Daily crude steel production at key member firms of China Iron and Steel Association (CISA) stood at 1.93 million tonnes during December 1-10, falling 4.19% compared with the previous ten days, the CISA data showed.

     

    That represented a drop of 2.77% from the same period last year and a decline of 0.14% from that in 2021, the CISA said.

     

    Daily output of pig iron averaged 1.81 million tonnes during the same period, down 3.21% from ten days ago. The figure was 1.76% higher than the year-ago level and increased 10.51% compared to that in 2021.

     

    Daily output of finished steel decreased 12.26% from ten days ago to 1.91 million tonnes. This comparatively high decline rate was attributed to several key member firms conducting centralized settlements at the end of November. Otherwise, the daily output would have decreased by 4.48% from the previous ten days.

     

    Compared to the same period in 2022 and 2021, the daily output of finished steel climbed 0.79% and 6.29%, respectively.

     

    Nationwide, daily output of crude steel was estimated to drop 3.57% from ten days ago to 2.48 million tonnes. The daily pig iron production is anticipated to be 2.18 million tonnes, a 2.87% fall compared to ten days earlier, and daily finished steel output at 3.48 million tonnes, down 3.81%.

     

    As of December 10, the CISA key member steel mills held 14.11 million tonnes of finished steel in stock, 8.82% higher than that on November 30 but down 3.97% compared with November 10. It was also 8.05% lower than the same period last year.

     

    (Writing by Riley Liang  Editing by Emma Yang)
    For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

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