Production at key Chinese steel mills extended decline in mid-September, as intensified environmental checks and energy control affected production.
Daily crude steel output at key member firms of China Iron and Steel Association (CISA) was registered at 1.99 million tonnes during September 11-20, down by 2.62% compared with the previous ten days and falling 7.19% compared with the same period in 2020, data showed.
Daily production of pig iron averaged 1.78 million tonnes, down 1.78% from ten days ago and 5.84% from the year prior, while that of finished steel declined 0.24% from ten days ago and 5.68% from the year prior to 1.93 million tonnes.
During September 11-20, key steel mills churned out a total 19.91 million tonnes of crude steel, 17.85 million tonnes of pig iron and 19.29 million tonnes of finished steel.
In the month to September 20, these mills' daily production of crude steel, pig iron and steel products fell markedly by 7.18%, 7.76% and 8.99% from the preceding month, and down by 6.08%, 4.50% and 7.04% compared with the year-ago levels.
Basing on the production data from CISA member mills, China was estimated to produce a total 26.22 million tonnes of crude steel, with daily output down 1.99% from ten days ago to 2.62 million tonnes.
Total output of pig iron in China was estimated at 22.39 million tonnes, with daily output falling 0.52% to 2.24 million tonnes. Total finished steel output was expected to reach 33.30 million tonnes, with daily output down 0.22% to 3.33 million tonnes.
As of September 20, CISA key member steel mills held 13.30 million tonnes of finished steel stocks, down 0.16% or 214,000 tonnes from ten days ago and 0.93% or 124,700 tonnes from the end-August level.
(Writing by Emma Yang Editing by Tammy Yang)
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