On November 5, the China Iron and Steel Association (CISA) announced that in late October (October 21-31) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China - all CISA members - totaled 1.631 million mt, down 7.5 percent compared to mid-October (October 11-20).
According to the CISA's previous figures, in mid-October this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China had amounted to 1.763 million mt, down 2.3 percent from early October (October 1-10).
Meanwhile, as of October 31, overall inventory of the main finished steel products in the major steel markets in China totaled 14.143 million mt, down 9.7 percent as compared to the figure recorded on October 20.