On May 27, the China Iron and Steel Association (CISA) announced that in mid-May (May 11-20) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China - all CISA members - totaled 1.801 million mt, down 1.3 percent compared to early May (May 1-10).
According to the CISA's previous figures, in early May this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China had amounted to 1.824 million mt, up 1.6 percent from late April (Apr. 21-30).
Meanwhile, as of May 20, 2014, overall inventory of the main finished steel products in the major steel markets in China totaled 14.998 million mt, up 4.9 percent as compared to the figure recorded on May 10.