The China Iron and Steel Association (CISA) has announced that in early October (October 1-10) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China - all CISA members - totaled 2.032 million mt, up 7.5 percent compared to late September (September 21-30) this year.
In late September, the average aggregate daily crude steel output of large and medium-sized steel enterprises in China had totaled 1.889 million mt, down 8.9 percent compared to mid-September (September 11-20) this year.
Inventory levels of the large and medium-sized steel enterprises in China increased in the given period. As of October 10, the finished steel inventories of large and medium-sized steel enterprises in China amounted to 15.88 million mt, increasing by 8.2 percent compared to September 30.
$1 = RMB 7.0995
