- Daily crude steel output dips by 0.6% against early-Sep
- Daily finished steel output rises by 5.4% from early-Sep
The China Iron and Steel Association (CISA) has announced that the total steel inventory at key Chinese enterprises in mid-September 2025 stood at 15.29 million tonnes (mnt), representing a drop of 530,000 tonnes (t) or 3.4% as compared to 15.82 mnt in early-September. Moreover, on a m-o-m basis, inventory levels decreased by 380,000 t or 2.4% from 15.67 mnt a month ago. Furthermore, on a y-o-y basis, inventories declined by 360,000 t or 2.3% against 15.65 mnt last year.
Production volumes
The average daily crude steel output of CISA-affiliated mills stood at 2.073 mnt in mid-September, dropping marginally by 0.6% from 2.087 mnt in early-September. However, on y-o-y basis, the same rose by 4.3% as compared to 1.99 mnt.
The average daily finished steel output reached 2.061 mnt in mid-September, up by 5.4% from 1.956 mnt in early-September. Additionally, on a y-o-y basis, the same rose by 6.6%.
Average pig iron output stood at 1.91 mnt in mid-September, marginally increasing by 0.7% against 1.896 mnt in early-September. Moreover, on a y-o-y basis, the same rose by 5.4%.
Outlook
In the short term, the steel market in China may remain stable ahead of the Golden Week holidays, with demand expected to be steady due to pre-holiday restocking and production activities. The decline in steel inventories and steady production volumes suggest a balanced market, with potential for moderate growth driven by seasonal demand. Overall, the market is likely to remain supported in the short term.
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