MYSTEEL: China's late Jun daily steel output up 2.2%

Daily crude steel output in China continued to move up during the last ten days of June, with the tonnage gaining another 66,800 tonnes/day or 2.2% from mid-June to average 3.05 million t/d, the highest since late April, according to Mysteel's estimate based on survey responses from the 247 blast-furnace (BF) and 87 electric-arc-furnace (EAF) steel mills it monitors nationwide.

The further growth in crude steel output suggested that more Chinese steelmakers resumed operations or ramped up production over late June thanks to the further improvement in their profitability, Mysteel Global learned. As of June 29, the profit ratio among the 247 blast furnace mills nationwide sampled in Mysteel's regular