HomeProduct Complimentary download China’s key steel mills daily output up 0.09pct in mid-Apr

China’s key steel mills daily output up 0.09pct in mid-Apr

Keyword:
Publish time: 4th May, 2016      Source: www.cnchemicals.com
Information collection and data processing:  CCM     For more information, please contact us
The daily crude steel output of China’s key steel mills edged up 0.09% from ten days ago to 1.69 million tonnes in mid-April, posting the second ten-day increase in a row, according to data released by the China Iron and Steel Association (CISA).China’s daily crude steel output is expected to be 2.28 million tonnes in mid-April, up 0.79% from ten days ago, CISA forecasted.The supply of crude steel at steel mills continued to climb in mid-April after the accelerated production in early April, and China’s daily supply of crude steel came to be the highest level since mid-May last year.Daily output of steel products in key steel mills gained 5.33% from March to 1.67 million tonnes in mid-April; that of iron pig and coke stood at 1.64 million and 0.33 million tonnes, falling 0.4% on month and rising 1.05% from ten days ago, respectively.By April 20, stocks of steel products in key steel mills rose 0.69% from ten days ago to 13 million tonnes, yet it was still 22.03% lower than the same period last year.Meanwhile, social stocks of steel products stood at 9.96 million tonnes, sliding 5.26% on month.In mid-April, sales price of crude steel rose 11.01% from ten days ago to 2,376 yuan/t on average; that of steel products increased 7.18% from ten days ago to 2,920 yuan/t.Analysts still expect new upward trend in steel prices amid the peak season for building industry in May, yet they also acknowledge the great negative impacts of oversupply and high inventories on prices once the demand slides.