The China Iron and Steel Association (CISA) has announced that in mid-April (April 11-20) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China - all CISA members - totaled 2.111 million mt, up 0.4 percent compared to early April (April 1-10) this year.
In early April, the average aggregate daily crude steel output of large and medium-sized steel enterprises in China - all CISA members - totaled 2.104 million mt, up 5.6 percent compared to late March (March 21-31) this year.
Inventory levels of the large and medium-sized steel enterprises in China increased in the given period. As of April 20, the finished steel inventories of large and medium-sized steel enterprises in China amounted to 18.63 million mt, increasing by 6.4 percent compared to April 10.
In mid-April, the slight increase of steel output of large and medium-sized steel enterprises in China indicated that the supply of steel to the market continued to increase, while inventories saw much bigger rises, signaling the slack demand from downstream users. However, ferrous metal futures prices have moved on an uptrend, and prices of raw materials, including iron ore, coking coal and coke have seen rises, pushing up steel prices in the given period.