According to the data released by CISA (China Iron and Steel Association), China's registered steelmakers contributed a daily crude steel output of 1.4801 million metric tons in early November, decreasing by 109 million metric tons as compared to late October. Meanwhile, China's average daily crude steel output was estimated to stand at 1.6641 million metric tons in early November, dropping by 52.9 thousand metric tons vs late October.
From the above data, we could see that Chinese crude steel output has continued emerging a downward trend and this is definitely beneficial to the stability of the entire domestic steel market.