On November 18, the China Iron and Steel Association (CISA) announced that in early November (Nov. 1-10) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China totaled 1.763 million mt, up 3.5 percent compared to late October (Oct. 21-31). Meanwhile, the average aggregate daily crude steel production of all steelmakers in China in early November was estimated at 2.144 million mt, indicating an increase of 2.2 percent compared with late October.

According to the CISA's previous figures, in late October this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China had amounted to 1.7033 million mt, down 0.5 percent compared to mid-October (Oct. 11-20). In late October, the average aggregate daily crude steel production of all steelmakers in China was estimated at 2.0984 million mt, down 0.4 percent compared with mid-October.

In addition, as of November 11 this year, inventory of the main finished steel products in the major steel markets in China totaled 12.926 million mt, up 0.4 percent as compared to the figure recorded on October 31