CISA: China’s average daily crude steel output falls further in mid-Dec

Friday, 28 December 2012 14:34:50 (GMT+3)   |   Shanghai
       

On December 27, the China Iron and Steel Association (CISA) stated that in mid-December (Dec. 11-20) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China totaled 1,623,300 mt, down 2.03 percent compared to early December (Dec.1-10). In mid-December, the average aggregate daily crude steel production of all steelmakers in China was estimated at 1,910,900 mt, indicating a decrease of 1.75 percent compared with early December.
 
Although Chinese domestic steel prices have witnessed a rebound since September, there has been no obvious improvement in the capacity utilization of steelmakers in China. In the September-December period, the average aggregate daily crude steel production of all steelmakers in China stood at about 1.9 million mt.
 
Currently, Chinese steelmakers still face low profit margins amid much higher increases in iron ore prices in comparison to increases seen in steel prices. However, the steelmakers are expected to see improved profitability in 2013 amid anticipations of greater demand for steel from railway construction, buildings construction and new urbanization projects.

Similar articles

Vietnam’s Hoa Phat achieves highest construction steel sales this year in Sept

06 Oct | Steel News

Vietnam’s Hoa Phat’s steel sales fall in Jan-Aug

12 Sep | Steel News

Vietnam’s Hoa Phat’s steel sales rise in March

06 Apr | Steel News

Vietnam’s Hoa Phat’s steel sales down 7% in 2022 amid market fluctuations

06 Jan | Steel News

Ukraine’s Metinvest sees 65% fall in pig iron output in Jan-Sept

22 Nov | Steel News

Vietnam’s Hoa Phat’s steel output and sales fall in October amid weak demand

07 Nov | Steel News

Vietnam’s Hoa Phat Group posts net loss for Q3

01 Nov | Steel News

Hoa Phat Group posts higher sales revenue for H1

29 Jul | Steel News

Vietnam’s Hoa Phat sees 32% rise in construction steel sales in May from April

20 Jun | Steel News

Vietnam’s Hoa Phat sees 20 percent rise in HRC sales in April

12 May | Steel News