On December 17, the China Iron and Steel Association (CISA) announced that in early December (Dec. 1-10) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China totaled 1.6951 million mt, down 0.81 percent compared to late November (Nov. 21-30). Meanwhile, the average aggregate daily crude steel production of all steelmakers in China in early December was estimated at 2.0129 million mt, indicating a decrease of 3.7 percent compared with late November.

According to the CISA's previous figures, in late November this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China had amounted to 1.709 million mt, down 2.37 percent compared to mid-November (Nov. 11-20). In late November, the average aggregate daily crude steel production of all steelmakers in China was estimated at 2.091 million mt, indicating a decrease of 1.94 percent compared with mid- November.

Meanwhile, as of December 10 this year, inventory of the main finished steel products in the major steel markets in China totaled 13.2113 million mt, up 1.99 percent as compared to the figure recorded on November 30.