Average daily crude steel output at large and medium-sized Chinese steelmakers belonging to the China Iron and Steel Association (CISA) was 1.76 million tonnes from October 21 to 31, 2026. That was 7% lower than in the preceding ten-day period.
Output averaged 1.894 million tonnes a day in mid-October, down 2.3% from the first ten days of the month.
CISA said finished steel inventories at large and medium-sized mills fell 13.5% from October 20 to 14.90 million tonnes as of October 31.
The association attributed the production cuts to poor conditions in the steel market. Inventories declined faster, but demand remained weak, and market participants should continue to monitor its trajectory closely.
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