According to the data released by CISA (China Iron and Steel Association), China's average daily crude steel output stood at 1.9339 million t in early October, rising by 0.2% vs late September.
On the other hand, Chinese averaged crude steel output had exceeded 1.9 million t since late February, which was far beyond the average crude steel output of 1.7 million t in last year.
Thereby, all of the market participants should be prudent about their actions considering of the soft market demand and turbulent global economic situations.