Posted on 08 Jul 2025
Daily crude steel output among the member mills of the China Iron and Steel Association (CISA) decreased further during June 21-30, averaging 2.13 million tonnes/day down by a marginal 0.9% or 19,000 t/d from the mid-June period, according to the latest data released by CISA last Friday. The output also marked an on-year drop of 1.8%, it notes.
According to market sources, the slight reduction in output was largely due to mills showing little enthusiasm for lifting production amid the lackluster demand. The seasonal summer lull – characterized by extreme heat and frequent rains – has continued to weigh on construction activity and steel consumption.
Based on member mill data, CISA also estimated that China's nationwide daily crude steel output during late June averaged around 2.75 million tonnes/day, also down 0.9% from the previous ten-day period of June 11-20.
The fall in output also saw finished steel stocks at the association's member mills thin by 4.7% or 760,000 tonnes from June 20 to reach 15.45 million tonnes as of June 30, according to CISA. This was still higher by 5.2% on year, it noted.
In terms of market activity, the spot trading volume of long steel products – rebar, wire rod, and bar-in-coil – tracked by Mysteel across the 237 trading houses it regularly monitors averaged 99,718 tonnes/day in late June, up 1.9% from the prior ten-day period. Despite the slight recovery in trading, overall consumption remained weak due to unfavorable weather conditions hampering outdoor construction projects.
Meanwhile, domestic finished steel prices had been rangebound during late June. For example, by June 30 the country's national price of HRB400E 20mm dia rebar under Mysteel's assessment had dipped by Yuan 9/tonne ($1.3/t) from that on June 20 to Yuan 3,211/t including the 13% VAT.
Source:Mysteel Global
