CISA: Daily steel production increased

Based on the performance of its member plants, CISA estimated the country's daily crude steel output at 3.24 million tonnes /day for June 11-20, an increase of 1.09% from June 1-10, or also by 14% over the same period. last year.

Mysteel's production overview for June 11-20 among a larger group of 318 plants, including 247 blast furnaces and 71 electric arc plants, differed from the CISA results, as the daily crude steel output at the selected plants decreased by 5,700 t /d. or 0.2% from June 1 to June 10 to 3.08 million tons /day on average.

In its latest monthly market report, released on June 22, CISA said that steel supply remained broadly stable as most Chinese steel producers continue to maintain high steel production and are unwilling to cut production, Mysteel Global reported.

“On the steel demand side, there were some signals of easing, although overall demand remains strong,” CISA commented in its report.

In selected end-user sectors, the real estate market has gradually cooled under the strict control of the central government, while in South China some construction contractors will have to slow down their operations as the rainy season intensifies, CISA said. In parallel, chronic semiconductor shortages will continue to stifle domestic auto production, while home appliance production also declined this quarter, the report said.