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Large Chinese steelmakers' daily output dips 5.1 pct in mid-Jan

service@ironoreteam.comThu Jan 29, 2015 10:28am GMT

Production from China's large steel mills fell 5.1 percent over Jan. 11-20 to 1.694 million tonnes, data from the China Iron and Steel Association (CISA) showed, with producers responding to weak demand by cutting output.
Steel demand is traditionally weak in January, but output rose to its highest rate since October in the first 10 days of the month, adding to a supply glut that has sapped prices.


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