In mid-May, China’s steel companies produced 20.80mn mt of crude steel, 18.68mn mt of pig iron, 19.59mn mt of steel, according to China Iron and Steel Association (CISA).
In the period, inventories with steel enterprises were at 14.88mn mt, up by 1.51pc from early May and by 56.13pc from the beginning of the year.
Mid-May production
| Daily Output | % Change daily output Y-o-Y | % Change daily output M-o-M | ||
| Crude Steel | 20.80mn mt | 2.08mn mt | 1.88 | 1.4 |
| Pig Iron | 18.68mn mt | 1.86mn mt | 2.6 | 1.1 |
| Steel | 19.59mn mt | 1.95mn mt | 3.17 | 2.43 |