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MYSTEEL: China's early Aug daily steel output rises 2.4%

ABSTRACT

China's daily crude steel output reversed up during the first ten days of August to average 2.61 million tonnes/day, higher by 61,000 t/d or 2.4% from late July and ending the continuous fall since mid-June, Mysteel estimated, based on its regular survey among 247 blast-furnace and 85 electric-arc-furnace steel mills nationwide.
Source: Mysteel   Responsible for the uptick was the fact that recently, some Chinese steel producers, including BF and EAF steel mills, had started to increase their output gradually with the recovery in their profit margins, Mysteel Global noted.   For example, the capacity utilization rate among the 247 sampled BF mills averaged 79.6%

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