Mysteel: Finished steel output to rebound in Nov
Nov 14, 2019 17:00
Daily output among Chinese steelmakers of the five major carbon steel items this month is expected to reverse up from October, growing by 100,000 tonnes/day or some 6% on month to 1.8 million t/d on average, according to Mysteel’s latest monthly production survey among 216 steelmakers across China released on November 13.
At the same time, the rolling capacity utilization rate among those surveyed steel mills is also seen increasing accordingly, gaining 4.5 percentage points on month to 79.1% for November. The five steel items comprise rebar, wire rod, hot-rolled coil (HRC), cold-rolled coil and medium plate.
Among the five items, production of