CISA member mills steel inventory down 9.5% in late Mar

SHANGHAI, Apr 7 (SMM) - According to data from the China Iron and Steel Association (CISA), key steel enterprises produced 23.76 million mt of crude steel, 20.45 million mt of pig iron and 23.28 million mt of finished steel in the last 10 days of March.

Affected by the dual control of energy consumption and the power rationing policy, a steel mill in Guangxi will reduce its hot rolled coil output by about 30% in October, and the same proportion of customer orders for the month will be adjusted.

China's import volume of unwrought copper and copper semis in August were 393,900 mt, a year-on-year decrease of 41.07%, and a month-on-month decrease of 7.2%. The imports from January to August were 3.61 million mt, a year-on-year decrease of 15.4%.

This is a roundup of news in the steel industry for last week.

The steel industry plays an important role in leading global low-carbon development and addressing climate change under the carbon neutrality target. And as traditional processes are reaching their carbon reduction limits, the steel industry must achieve breakthrough technologies in order to realise this target. In the future, hydrogen metallurgy will become the new windfall for the steel industry. This article will giver an overview of the key cooperation projects between international mines and China steel companies in the field of low carbon technology.

Steel news roundup: Mills in Tangshan downgraded amid environmental protection requirements/CISA  proposed to increase the import of primary products

Daily crude steel output across China Iron and Steel Association (CISA) key mills averaged 1.95 million mt in April 1-10, up 118,900 mt, or 6.51% from March 21-31, according to the latest data from CISA.

As of Nov 20, inventories of steel products across those mills shrank 163,600 mt, or 1.33%, from Nov 10

Daily crude steel output across CISA key mills averaged 1.95 million mt during the second 10 days of Oct

Domestic production of crude steel this year will likely grow 7.1% from that in 2018, to stand at 994 million mt