The China Iron and Steel Association (CISA) has announced that in early July (July 1-10) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China - all CISA members - totaled 2.2404 million mt, down 0.25 percent compared to late June (June 21-30) this year.
In late June this year, the average aggregate daily crude steel output of large and medium-sized steel enterprises in China had totaled 2.246 million mt, down 0.74 percent compared to mid-June (June 11-20) this year.
Inventory levels in the medium-sized steel enterprises in China increased in the given period. As of July 10, the finished steel inventories of large and medium-sized steel enterprises in China amounted to 15.8983 million mt, increasing by 7.56 percent compared to June 30.
As of July 10, rebar futures at the Shanghai Future Exchange were standing at RMB 3,654/mt ($512/mt), decreasing by RMB 67/mt ($9.4/mt) or 1.8 percent since June 30.
