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Crude steel production of CISA member facilities increased

Daily crude steel production of China's leading steel producers increased by 0.33% to 2.19 Mt in the period of April 11-20. Despite this increase, production decreased by 7.47% annually and by 5.23% compared to the same period two years ago.

Crude steel production of CISA member facilities increased

According to data from the China Iron and Steel Association (CISA), a total of 21.19 million tons of crude steel was produced in this period. This figure represents an increase of 0.75% compared to April 10.

As of April 20, these major steel mills had approximately 18.12 million tons of finished steel in stock. This figure represents a decrease of 0.75% compared to April 10, a decrease of 7.26% compared to the previous month, a decrease of 2.29% and 7.89% compared to the same period last year and two years ago. It does.

It is estimated that daily crude steel production across the country reached 2.53 million tons in the period of April 11-20, an increase of 0.26% compared to the previous ten days. Pig iron production decreased by 0.55% compared to the previous ten days, decreasing to 1.90 million tons. This means a decrease of 6.18% annually and 3.08% compared to the same period two years ago.

Daily finished steel production reached 2.05 million tons, increasing by 3.72%. However, this represents a decrease of 6.85% annually and 4.92% compared to the same period two years ago.

China's steel industry is affected by the global recession and volatility in raw material prices. This situation continues to put pressure on production and stocks.

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