Daily crude steel output at CISA member mills rebounds in early-Nov

The China Iron and Steel Association (CISA) reported that crude steel output across major mills in China averaged 2.32 million mt per day in the second ten days of April, up 2.21% from early April and up 19.1% from the same period a year ago.

According to China Iron and Steel Association, the national standard of raw materials for secondary steel has been released recently and will be officially implemented on January 1 2021.

Operating rates of blast furnaces at Chinese steel makers rose slightly this week as Tangshan decided to lift the level II emergency response to heavy air pollution.

In recent years, Wu'an, Hebei province has made every effort to promote the transformation supply-side structural reforms in the steel industry through capacity reduction, acquisition, reorganisation, and relocation. It plans to commence the upgrade of blast furnaces under 1,000 m³ and converters under 100 mt by the end of 2020 and complete the upgrades by the end of 2022.

China Baowu and Rio Tinto gathered on October 15 to celebrate the completion of the 200 million mt iron ore shipment target of their joint venture Bao-Hi Ranges project, marking an important milestone.

Recently, it was reported by overseas media that China’s state-owned power companies and steel mills have received verbal notifications to suspend thermal coal and coking imports from Australia, according to recent reports by two industry newswire services,

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

China's output of hot-rolled coils and plates is likely to remain high in September, as steelmakers recover from maintenance and high profits encourage mills to produce.

Operating rates of blast furnaces at Chinese steelmakers dipped this week, as some mills conducted maintenance due to the sharp reduction in profits.

Copper inventories in three major consumption areas in China extended their increases last week, albeit at a slower pace.