According to the data released by NBS, in January-June of this year, China's overall crude steel output amounted to 357.21 million t, increasing by 1.8% compared to the same period of last year. In June along, China's crude steel had reached 60.21 million t, rising by 0.6% year over year. In addition, China's average daily crude steel output had reached 2.007 million t in June, up 31.8 thousand t from May.
From the above data, we could see that the domestic output is still hovering around comparative high levels. However, the domestic steelmakers' profitability has encountered formidable challenges due to desolate transaction deals from final customers. As for the market prospect, experts said that the Chinese steel mills' profitability may exacerbate in the short run because the July and August belong to the traditional low season for steel consumptions.