On February 27, the China Iron and Steel Association (CISA) announced that in mid-February (Feb. 11-20) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China totaled 1.6888 million mt, down 4.1 percent compared to early February (Feb.1-10). Meanwhile, the average aggregate daily crude steel production of all steelmakers in China in mid-February was estimated at 1.9664 million mt, indicating a decrease of 4.8 percent compared to early February.
According to the CISA's previous figures, in early February this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China had amounted to 1.761 million mt, up 6.2 percent from late January (Jan. 21-31). In early February, the average aggregate daily crude steel production of all steelmakers in China was estimated 2.066 million mt, indicating an increase of 5.2 percent compared with late January.
Meanwhile, as of February 20, 2014, overall inventory of the main finished steel products in the major steel markets in China totaled 17.266 million mt, up 5.7 percent as compared to the figure recorded on February 10 and reaching a new record high.