MYSTEEL: Late-May daily steel output at 11-month high
Jun 01, 2020 17:30
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Daily crude steel production among China’s 318 steel mills under Mysteel’s regular survey increased further over the last eleven days of May to hit an eleven-month high of 2.87 million tonnes/day, up by another 18,100 t/d or 0.6% from that for May 11-20, as the domestic steelmakers showed no inclination to throttle back production.
The survey covers 247 blast-furnace and 71
electric-arc-furnace steel producers across China and when quizzed, most said
they preferred to keep their production high given the still firm consumption among
steel users, Mysteel Global notes.
For example, the blast furnace capacity utilization
rate among the 247 steel mills under Mysteel’s weekly survey grew for an