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CISA: Major steel mills' average daily steel products output records 2.06 million tons in mid-Jan

According to data released by China Iron & Steel Association (CISA) on January 24, Chinese major steel mills produced about 20.60 million tons of steel products in mid-Jan 2021. The average daily output was around 2.06 million tons during this period, up by 0.41% MOM and 8.52% YOY.

During the reported period, major steel mills held steel products inventory of about 14.04 million tons, an increase of about 1.02 million tons or 7.80% from early January and up by about 3.24 million tons or 29.99% from the same period of last year.