SHANGHAI, Oct 15 (SMM) – China's steel production dipped in early October.
The China Iron and Steel Association (CISA) reported that crude steel output across major mills in China averaged 2.17 million mt per day in the first 10 days of October, up 0.58% from late September and up 14.9% from the same period a year ago.
Average daily production of pig iron across those mills rose 162% from late September to 1.92 million mt in early October and up 12.3% from the same period a year ago, while that of steel products dropped 2.52% to 1.98 million mt in early October but up 14.5% from the same period a year ago.
As of October 10, inventories of steel products across those mills stood at 13.59 million mt, up 2 million mt or 17.22% from the end of September. The stocks were 4.06 million mt, or 42.6% higher than the beginning of the year.