- Daily crude steel output falls 0.5% from early-Jun levels
- Daily finished steel output up by 4.2% against early-Jun
The China Iron and Steel Association (CISA) has announced that the total steel inventory at key Chinese enterprises in mid-June 2025 stood at 16.21 million tonnes (mnt), up by 420,000 tonnes (t) or 2.7% as compared to 15.79 mnt in early-June 2025. Meanwhile, steel inventories dropped by 140,000 t or 0.9% against 16.35 mnt a month ago. Moreover, inventories declined by 220,000t or 1.3% from 16.42 mnt a year ago.
Production volumes
The average daily crude steel output of CISA-affiliated mills stood at 2.14 mnt in mid-June, down by 0.5% against 2.15 mnt in early-June. However, the same decreased by 1.7% from 2.185 mnt a year ago.
The average daily finished steel output reached 2.121 mnt in mid-June, inching up by 4.2% from 2.037 mnt in early-June. Furthermore, the same increased by 1.1% y-o-y.
Average pig iron output stood at 1.948 mnt in mid-June, reflecting a marginal drop of 0.8% against 1.963 mnt in early-June. Additionally, on a y-o-y basis, output declined by 0.6%.
Outlook
Steel inventories at CISA mills have risen slightly, while crude steel and pig iron output saw minor declines, indicating stable production amid weak demand. If the trend persists, rising inventories could lead to oversupply, potentially limiting any immediate price rebound in the Chinese steel market.
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