CISA: Members' mid-July daily steel output rebounds slightly

Source: Mysteel Jul 25, 2023 16:00

Daily crude steel output among the member mills of the China Iron and Steel Association (CISA) bounced back during the ten days over July 11-20, edging up by 0.3% or 7,400 tonnes/day from early July to average 2.25 million t/d, according to the association's latest release on July 24. The slight uptick shows that mills were keen to ramp up production after their hopes of a demand recovery had strengthened moderately during the period, sources explained.

Based on these member mills' results, CISA estimated the country's daily crude steel output nationwide at 3.04 million t/d during mid-July, also rising by a small 0.3% from the average over July 1-10, according to the data. China's finished steel prices had shown signs of recovery in mid-July, thanks to

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