Chinese daily crude steel output estimated at 1.6852 million tons in late November
2011-12-09 09:35:42 [Print]
BEIJING (Asian Metal) 9 Dec 11 – According to data from China Iron and Steel Association (CISA), the crude steel output of Chinese key enterprises reached 1
With domestic steel price consolidating, some steel mills posted better profit due to decreasing production cost. Some smaller steel mills resumed production since late November, and the capacity utilization increased from a low level . The daily average crude steel shrunk to below 1 . 7 million tons, a new year-to-date low, after decreasing for consecutive 5 months . As central bank readjusts currency policy, more funds are expected to pour into the market, but the slow trend of economy entity can not be pulled back, resulting in dim demand in steel market . It is anticipated that the steel price is unlikely to see significant changes by the year-end, and the overall market is likely to remain dull.
. 5026 million tons in late November, up by 1 . 25% from that in the previous 10 days; It is estimated that the national daily crude steel output would reach 1 . 6852 million tons, up by1 . 29% from that in previous 10 days.
With domestic steel price consolidating, some steel mills posted better profit due to decreasing production cost. Some smaller steel mills resumed production since late November, and the capacity utilization increased from a low level . The daily average crude steel shrunk to below 1 . 7 million tons, a new year-to-date low, after decreasing for consecutive 5 months . As central bank readjusts currency policy, more funds are expected to pour into the market, but the slow trend of economy entity can not be pulled back, resulting in dim demand in steel market . It is anticipated that the steel price is unlikely to see significant changes by the year-end, and the overall market is likely to remain dull.