According to data released on 4 June by the China Iron and Steel Association (CISA), member mills produced an average of 2.01 million tons per day of crude steel at the end of may. This level reflects a 4.6% decrease (80,000 tons per day) compared with mid may and a 4.1% decrease on an annual basis.
Including non member producers, China’s national average daily crude steel output was recorded at 2.69 million tons per day, indicating a 4.3% decrease.
On a regional basis, the sharpest decline was observed in North China, where production decreased by 8.3% (57,000 tons per day), leading the overall national downturn.
In contrast, finished steel output increased during the same period. Finished steel production increased by 3.2% to reach 2.07 million tons per day.
On the inventory side, a decrease was observed. Stocks held by member mills decreased by 15.7% to 15.83 million tons as of 31 May, while inventories in 21 major tracked cities also declined to 10.22 million tons.
Overall, the data shows that while crude steel production weakened, finished steel output continued to increase and inventories experienced a clear reduction.
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