The China Iron and Steel Association (CISA) has announced that in late June (June 21-30) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China - all CISA members - totaled 2.246 million mt, down 0.74 percent compared to mid-June (June 11-20) this year.
In mid-June this year, the average aggregate daily crude steel output of large and medium-sized steel enterprises in China had totaled 2.2627 million mt, up 1.42 percent compared to early June this year.
Inventory levels held by the medium-sized steel enterprises in China decreased in the given period. As of June 30, the finished steel inventories of large and medium-sized steel enterprises in China amounted to 14.7803 million mt, decreasing by 8.89 percent compared to June 20.
As of June 30, rebar futures at the Shanghai Future Exchange were standing at RMB 3,721/mt ($517/mt), decreasing by RMB 22/mt ($3.1/mt) or 0.6 percent since June 20.
$1 = RMB 7.2098