China's crude steel production and stocks rose 3.2% in early June

The China Iron and Steel Association (CISA) has announced that in early June (June 1-10) this year, the average aggregate daily crude steel output of large and medium-sized steel enterprises in China - all CISA members - totaled 2.159 million metric tons, up 3.2% compared to late May (May 21-31) this year. In late May (May 21-31), the average aggregate daily crude steel output of large and medium-sized steel enterprises in China had totaled 2.091 million metric tons, down 4.9% compared to mid-May (May 11-20) this year. The inventory levels of large and medium-sized steel enterprises in China increased in the given period. As of June 10, the finished steel inventories of large and medium-sized steel enterprises in China amounted to 15.79 million metric tons, increasing by 3.2% compared to May 31