Posted on 16 Oct 2025
Daily crude steel output among the member mills of the China Iron and Steel Association (CISA) during October 1-10 bounced back to an average of 2.03 million tonnes/day, up by 7.5% or 143,000 t/d from the previous ten-day period, according to the latest release from the association on October 14. The figure still recorded a 0.9% dip compared with the corresponding period last year though.
Based on the same dataset, CISA estimated that China's nationwide crude steel production over early October averaged 2.51 million t/d, gaining by the same 7.5% from September 21-30.
The steady recovery was partly attributed to the lifting of mandated production restrictions among member mills in northern regions of China, CISA stated in the release. During the first ten days in October, daily crude steel output among member mills in North China jumped 9.7% from late September, while in Hebei, the country's top steel-producing province, the volume even swelled by 16.5% over the same period, the CISA statistics show.
On the demand side, both traders and end-users generally left the market to enjoy the national holiday over October 1-8, leading to muted trading activity in early October, Mysteel Global noted.
The combination of rising production and subdued downstream demand caused stock accumulation accordingly. Finished steel stocks held by CISA member mills totalled 15.88 million tonnes as of October 10, up by 8.2% or 1.21 million tonnes from ten days ago, according to another CISA release published Tuesday.
Echoing CISA's findings, inventories of major carbon steel products including rebar, wire rod, hot-rolled coil, cold-rolled coil and medium plate held by the 137 Chinese steel mills under Mysteel's tracking registered 4.73 million tonnes by October 8, posting a significant rise of 14.2% from the end of September.
Spot finished steel prices in China stayed weak after the long holiday amid slow demand. Mysteel assessed the national price of HRB400E 20mm dia rebar at Yuan 3,250/tonne ($456/t) including the 13% VAT on October 11, down by Yuan 11/t from the level on September 30.
Source:Mysteel Global
