Major Chinese steel mills' daily steel product output up 6.9% in late Nov

Major Chinese steel mills produced around 21.63 million tonnes of finished steel products during the last ten-day period of November, when the daily output was 2,163,000 tonnes, up by 6.9% from mid-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 13.15 million tonnes, down by 2.4 million tonnes or 15.4% from ten days ago.