Daily steel production in China is declining in September

Daily steel production at 318 steel mills in China, according to a regular survey by Mysteel, dropped sharply in early September after continuous growth since the end of July, while tonnage for the period from September 1 to 10 fell by 5,800 tons per day, or 0. 2% off a record high at the end According to Mysteel, August averaged 2.99 million tons /day.

The 318 steelmakers include 247 blast furnace and 71 electric arc (EAF) steelmakers across China. The decline in steel production is mainly due to the fact that some domestic steel producers carried out maintenance of their steel plants, noting a decrease in demand from end users and their meager profit.

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