The China Iron and Steel Association (CISA) has announced that in late April (April 21-30) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China - all CISA members - totaled 2.036 million mt, down 3.6 percent compared to mid-April (April 11-20) this year.
In mid-April, the average aggregate daily crude steel output of large and medium-sized steel enterprises in China had totaled 2.111 million mt, up 0.4 percent compared to early April (April 1-10) this year.
Inventory levels of the large and medium-sized steel enterprises in China also decreased in the given period. As of April 30, the finished steel inventories of large and medium-sized steel enterprises in China amounted to 15.43 million mt, decreasing by 17.2 percent compared to April 20. The inventory levels shifted from an increase in mid-April to a decline in late April amid improved demand and stock replenishments by downstream users ahead of the Labor Day holiday (May 1-5).