According to data released by the China Iron and Steel Association (CISA), China's daily crude steel output of the large and medium sized steel enterprises averaged at US$1.6891 million tons in the second 10 days of April, down by 0.5% from the previous 10 days.
It's forecasted that the daily crude steel output of all steelmakers would average at 2.1158 million tons, decreasing by 0.4% from 10 days ago.
Meanwhile, as of April 20th, the aggregate finished steel inventory of those large and medium sized steel companies in China totaled 13.6621 million tons, falling by 0.52% from 10 days earlier.