- Inventory declines by 13.4% y-o-y in mid-Mar
- Daily crude steel output rises from early Mar
The China Iron and Steel Association (CISA) revealed that the total steel inventory at key Chinese enterprises stood at 16.91 million tonnes (mnt) in mid-March 2025. Inventory levels increased by 660,000 tonnes (t) or 4.1% from 16.24 mnt in early March 2025. However, inventory declined by 2.62 mnt or 13.4% y-o-y from 19.533 mnt in mid-March 2024.
Production volumes
The average daily crude steel output of CISA-affiliated mills touched 2.166 mnt in mid-March 2025, up by 1.6% compared to 2.132 mnt in early March.
The average daily finished steel output stood at 2.112 mnt in mid-March, an increase of 5.3% against 2.007 mnt in early-March. Moreover, on a y-o-y basis, output rose by 7.5%.
Average pig iron output stood at 1.927 mnt in mid-March, up by 2.1% as compared to 1.888 mnt in early-March. Furthermore, y-o-y, output increased by 5.8%.
Outlook
The rise in steel inventory levels in China offers a mixed outlook for the short term. On one hand, higher production volumes reflect a robust market, but on the other, increasing inventories suggest a potential softening in demand. Stakeholders must closely monitor these trends to navigate opportunities and address potential challenges effectively.
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