According to the latest data issued by the China Iron and Steel Association (CISA), in mid-November (Nov. 11-20) this year the average aggregate daily crude steel output of the association's member companies was 1.484 million mt. Based on this figure, China's overall average daily crude steel output for the given period has been calculated at around 1.66 million mt, unchanged from early November (November 1-10).
As some analysts have stated, the Chinese domestic steel market is currently characterized on the positive side by low stocks, but also on the negative side by lackluster demand and tight cash availability. Accordingly, domestic steel prices in China are expected to follow a stable trend in the short term.