- Steel inventories increase by 2% against late-July
- Daily crude steel output rises 4.7% since late-July
The China Iron and Steel Association (CISA) has announced that the total steel inventory at key Chinese enterprises in early-August 2025 stood at 15.07 million tonnes (mnt), stable m-o-m but up by 290,000 tonnes (t) or 2% as compared to 14.78 mnt in late-July 2025. Moreover, inventories fell by 830,000 t or 5.2% y-o-y from 15.9 mnt a year ago.
Production volumes
The average daily crude steel output of CISA-affiliated mills stood at 2.074 mnt in early-August, up by 4.7% from 1.98 mnt in late-July. Additionally, the same was up by 3.6% y-o-y.
The average daily finished steel output reached 2.005 mnt in early-August, down by around 4.1% against 2.091 mnt in late-July. However, on a y-o-y basis, the same rose by 9%.
Average pig iron output stood at 1.914 mnt in early-August, up by 3.2% from 1.856 mnt in late-July. Additionally, on a y-o-y basis, output increased by 3.9%.
Outlook
China’s steel industry is projected to see slower production growth, primarily due to measures focused on controlling inventory levels and aligning output with supply and demand trends. Although steel inventories rose in early-August compared to late-July, stock levels are expected to decline as purchasing activity picks up. The subdued demand seen during the hot and humid summer months (June-August) may improve with the arrival of autumn (September-November).
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