The China Iron and Steel Association (CISA) has announced that in mid-July (July 11-20) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China - all CISA members - totaled 2.2478 million mt, up 0.33 percent compared to early July (July 1-10) this year.
In early July this year, the average aggregate daily crude steel output of large and medium-sized steel enterprises in China had totaled 2.2404 million mt, down 0.25 percent compared to late June (June 21-30) this year.
As of July 20, the finished steel inventories of large and medium-sized steel enterprises in China amounted to 15.6684 million mt, decreasing by 1.45 percent compared to July 10.
As of July 20, rebar futures at the Shanghai Future Exchange were standing at RMB 3,784/mt ($530/mt), increasing by RMB 130/mt ($18/mt) or 3.6 percent since July 10.
$1 = RMB 7.1406