Major Chinese steel mills' daily finished steel output up in late Jun

Major Chinese steel mills produced 22.18 million tonnes of finished steel in the last ten days of June, with an average daily output of 2,218,000 tonnes, up 8.3% from mid-June, according to China Iron & Steel Association (CISA).

By the end of the period, finished steel inventories at major mills were 16.28 million tonnes, a decrease of 1.62 million tonnes, or 9.1%, from ten days earlier.