The China Iron and Steel Association (CISA) has stated that in early November (Nov. 1-10) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China totaled 1,637,700 mt, up 118,200 mt or 7.28 percent compared to late October (Oct. 21-31). In early November, the average aggregate daily crude steel production of all steelmakers in China was estimated at 1,925,700 mt, indicating an increase of 31,000 mt or 1.61 percent compared with late October.
As of November 10, finished steel inventory of the given 76 major steel enterprises in China totaled 10.06 million mt, down 324,300 mt or 3.12 percent compared to October 31 and indicating the lowest level since January 10 this year.