Posted on 10 Nov 2026
Daily crude steel output among the member mills of the China Iron and Steel Association (CISA) decreased markedly during October 21-31 to hit the lowest level so far this year, according to the latest release from the association. The total tonnage slipped by 2.1% or 134,000 tonnes/day from the middle ten days of last month to average 1.76 million t/d, CISA said.
Similarly, the average production level was also 3.1% lower compared with the same eleven days of last year, according to the same release.
Based on the same dataset, the association estimated that daily crude steel output among both member and non-member mills nationwide averaged 2.26 million t/d in late October, dropping by the same 7% from October 11-20.
On the other hand, daily finished steel production among CISA member mills averaged 1.89 million t/d during the late-October period, rising modestly by 3.6% or 65,000 t/d from mid-October.
The association said the gain can be partly explained by several member mills ramping up finished steel warehousing at month-end. Even after adjusting for this factor, however, the data revealed that daily finished steel output was still 2.1% higher than the level in the middle ten days.
Despite the small increase in finished steel output, the overall production level stayed relatively low. This can partly explain the steady declines in finished steel inventories held by both CISA member mills and domestic traders, Mysteel Global noted.
Specifically, as of October 31 finished steel stocks held by the CISA member mills totaled 14.9 million tonnes, dropping significantly by 13.5% or 2.32 million tonnes from the level on October 20, data from another CISA release revealed.
Similarly, finished steel stocks stored in the commercial warehouses in the 21 Chinese cities the association regularly tracks also dropped slightly during the period, with the tonnage registering 8.63 million tonnes as of October 31, down by 3.7% or 330,000 tonnes from the level on October 20, another CISA release showed.
Source:Mysteel Global
