15
Apr
11:00
CISA member steelmakers reduce output in early April
China Iron & Steel Association (CISA) member steelmakers reduced crude steel output by 0.47% from end-March to slightly over 2.11 million tonnes/day in early April. On a year-on-year basis, the figure is 9.05% lower, Kallanish notes.
The result shows the resistance of large and medium-sized steel companies to cutting production when profit margins recovered, even though demand has not been strong. In mid-March, CISA members had dragged down output to 2.05m t/d…
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Anonymous
Very good overview of the weekly steel market.
Anonymous