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

Major Chinese steel mills produced 20.81 million tonnes of finished steel during the final eleven days of October, with an average daily output of 1,891,000 tonnes, up 3.6% from mid-October, according to China Iron & Steel Association (CISA).

By the end of the period, finished steel inventories at major mills were 14.90 million tonnes, a decrease of 2,320,000 tonnes, or 13.5%, from mid-October.