Major Chinese steel mills' daily steel product output up 3.6% in mid-Nov

Major Chinese steel mills produced around 20.23 million tonnes of finished steel products during the second ten-day period of November, when the daily output was 2,023,000 tonnes, up by 3.6% from early November, according to China Iron & Steel Association (CISA).

By the end of the period, major Chinese steel mills held finished steel products inventory of around 15.55 million tonnes, an increase of 1.89 million tonnes or 13.8% from early November.