On November 17, the China Iron and Steel Association (CISA) announced that in early November (November 1-10) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China - all CISA members - totaled 1.6349 million mt, down 1.8 percent compared to late October (October 21-31).
According to the CISA's previous figures, in late October this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China had amounted to 1.665 million mt, down 5.6 percent from mid-October (October 11-20), with the figure for late October being adjusted upwards from the 1.631 million mt reported on November 6 as some steelmakers had not reported their production outputs by that date.
Meanwhile, as of November 10, overall inventory of the main finished steel products in the major steel markets in China totaled 13.998 million mt, down 1.03 percent as compared to the figure recorded on October 31.