MYSTEEL: Early-Dec daily steel output grows further

China’s daily crude steel output grew further during the first ten days of December to average 2.43 million tonnes/day, up by another 30,100 t/d or 1.3% from the November 21-30 period, according to Mysteel’s latest survey among 247 blast-furnace and 101 electric-arc-furnace steel producers nationwide released on Wednesday. The December 1-10 average also refreshed a new high since late September.
The steady increase in crude steel output reflects the fact many domestic steelmakers would like to maintain high production for the time being as their profit margins remain at a healthy level, even though margins have been squeezed slightly with the retreat in steel prices, Mysteel Global notes. Mysteel’s survey of business performance among 91 steelmakers


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