The China Iron and Steel Association (CISA) has announced that in late August (August 21-31) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China - all CISA members - totaled 1.947 million mt, down 8.0 percent compared to mid-August (August 11-20) this year.
In mid-August, the average aggregate daily crude steel output of large and medium-sized steel enterprises in China had totaled 2.115 million mt, up 2.0 percent compared to early August (August 1-10) this year.
Inventory levels of the large and medium-sized steel enterprises in China decreased in the given period. As of August 31, the finished steel inventories of large and medium-sized steel enterprises in China amounted to 14.98 million mt, decreasing by 4.4 percent compared to August 20.