CISA: member mills’ daily output dips 1.1% in early Sept
Sep 15, 2020 18:00
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The daily steel output among the member mills of the China Iron & Steel Association (CISA) over September 1-10 declined at a faster rate of 1.1% from the last eleven days of August to 2.14 million tonnes/day on average, though the year-on-year comparison still posted a gain of 6.7%, according to the latest release by CISA on September 14.
The daily crude steel output over September 1-10 was also 0.55% lower than the August average, despite the overall market optimism about better domestic steel demand in September. Remarkably, in the first ten days of September the CISA member mills cut their finished steel output substantially by nearly 8.9% from