Chinese key steel mills saw a mild fall of 0.01% in daily output of crude steel in late June (June 21-30) compared to previous ten days, according to data from the China Iron and Steel Association.
The association said these steel mills produced 2.14 million tonnes of crude steel averagely each day during the period, an increase of 5.7% from a year ago.
Daily production of pig iron averaged 1.92 million tonnes, inching up 0.2% from ten days ago and up 8.47% from the year prior, while that of finished steel increased by 2.79% from ten days ago to 2.13 million tonnes, up 3.95% year on year.
During June 21-30, key steel mills churned out a total 21.42 million tonnes of crude steel, 19.15 million tonnes of pig iron, 21.34 million tonnes of finished steel and 3.31 million tonnes of coke.
During the same period, China was estimated to produce a total 29.85 million tonnes of crude steel, with daily output up 0.01% from ten days ago and up 6.34% on the year to 2.99 million tonnes.
Total output of pig iron in China was estimated at 25.14 million tonnes, with daily output at 2.51 million tonnes. Total finished steel output was expected to reach 37.28 million tonnes, with daily output up 0.31% from ten days ago and up 9.3% on the year to 3.73 million tonnes.
As of June 30, key steel mills held 13.62 million tonnes of finished steel stocks, dropping 6.87% from ten days ago but rising 2.78% from late May, jumping 42.83% from early this year.
(Writing by Tammy Yang Editing by Harry Huo)
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