Daily crude steel output at CISA member mills gains in late-Jan

SHANGHAI, Feb 25 (SMM) – Daily output of crude steel across China Iron and Steel Association (CISA) member mills averaged 1.82 million mt during January 21-31, up 0.55%, or 10,000 mt, from January 11-20, according to an official release of the data on Wednesday February 20.

During the same period, average daily production across steel mills in China is estimated at 2.36 million mt, up 10,300 mt. 

As of January 31, inventories of steel products across CISA member mills shrank 10.48%, or 1.26 million mt, from January 20 and came in at 10.74 million mt.