On December 9, the China Iron and Steel Association (CISA) announced that in late November (Nov. 21-30) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China totaled 1.709 million mt, down 2.4 percent compared to mid-November (Nov. 11-20). Meanwhile, the average aggregate daily crude steel production of all steelmakers in China in late November was estimated at 2.091 million mt, indicating a decrease of 1.9 percent compared with mid-November.

According to the CISA's previous figures, in mid-November this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China had amounted to 1.75 million mt, down 0.7 percent compared to early November (Nov. 1-10). In mid-November, the average aggregate daily crude steel production of all steelmakers in China was estimated at 2.1319 million mt, indicating a decrease of 0.57 percent compared with early November.

Meanwhile, as of November 30 this year, inventory of the main finished steel products in the major steel markets in China totaled 12.954 million mt, down 980,000 mt or seven percent as compared to the figure recorded on November 20.