CISA mills’ daily steel output down 1.76% in late Dec, stocks down 10.95%

Thursday, 07 January 2021 12:23:28 (GMT+3)   |   Shanghai

The China Iron and Steel Association (CISA) has announced that in late December (December 21-31) last year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China - all CISA members - totaled 2.1629 million mt, down 1.76 percent compared to mid-December (December 11-20).

In mid-December, the average aggregate daily crude steel output of large and medium-sized steel enterprises in China had totaled 2.2016 million mt, down 0.04 percent compared to early December (December 1-10).

Inventory levels in the Chinese steel market decreased sharply in the given period. As of December 31, the finished steel inventories of large and medium-sized steel enterprises in China amounted to 11.6211 million mt, decreasing by 1.4294 million mt or 10.95 percent compared to December 20.

As of December 31, the average rebar price in the Chinese market was standing at RMB 4,417/mt ($684/mt) ex-warehouse, edging down by RMB 136/mt ($21/mt) or 3.0 percent from December 21, according to SteelOrbis’ data.

$1 = RMB 6.4608

Most Recent Related Articles

NBS: China manages to increase crude steel output to 1.05 billion mt in 2020

CISA mills’ daily steel output up 1.51 percent in early January

Masteel Group’s steel output up 5.75% in 2020, to fall slightly in 2021

Baowu Esteel to implement maintenance on production lines in Jan

Stocks of main steel products in China almost stable in late Dec