China key steel mills daily output up 0.4pct in mid-Nov

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Publish time: 27th November, 2014      Source: www.cnchemicals.com
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Daily crude steel output of key steel producers rebounded 0.44% from ten days ago in mid-November after dropping to a 22-month low over November 1-10, showed the latest data from the China Iron and Steel Association (CISA).Steel mills in major producing provinces of Hebei, Shandong and Henan resumed production gradually following the end of the APEC meetings on November 12.The CISA member produced 1.642 million tonnes of crude steel on average each day over November 11-20, a decrease of 6.85% from the month-ago level, said the CISA.During the same period, total daily output of the country was estimated at 2.06 million tonnes, 4.4% lower than the month before, the CISA said.As of November 20, steel products stocks of the CISA members stood at 14.46 million tonnes, up 3.3% from November 10 but down 7.66% from the previous month, data showed.