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CISA: China’s mid-Nov daily steel output at 2-month high

Daily crude steel output among the 97 major steelworks members of the China Iron and Steel Association (CISA) continued to increase during the middle ten days of November and touched a two-month high of approximately 2 million tonnes/day on average, up another 8,800 t/d or 0.4% from early November, according to the association’s latest release on December 6.
The continuous rally in crude steel output was mainly attributed to domestic steel mills’ high enthusiasm for producing. The mills’ profit margins had recovered further during the period with the rise in steel prices and the strong support of firm demand, Mysteel Global notes. Mysteel’s daily survey of performance among the 91 steelmakers across China regularly

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