Tag: China’s steel inventory & crude steel production as per CISA affiliated mills (Jan’23-Apr’24)

The Lunar New Year holidays, which fell over 10-17 February this year, further dented Chinese home demand which led to higher inventory pile-up at key mills. The China Iron and Steel Association (CISA) reported total steel inventories of key enterprises in mid-March 2024 at 19.53 mnt, which were up 2.92% m-o-m compared to 18.98 mnt…