China's daily crude steel production increased by 1.11% in mid-June 2023

China Iron and Steel Association (CISA) data showed that China's daily crude steel production of major enterprises reached 2.26 million tonnes from June 11 to 20, up 1.42% compared to the previous ten days. The pig iron average daily production was 2.02 million tonnes over the specified period, up slightly by 0.73% from the previous 10 days, and the daily finished steel production rose 5.04% to 2.17 million tonnes from the previous 10 days. Nationally, the daily raw steel production is expected to increase by 1.11% compared to the previous ten days, reaching 2.95 million tonnes; the cast iron daily production reached 2.45 million tonnes, up 0.58% compared to the previous ten days; finished steel daily production is estimated at 3.88 million tonnes, up 3.02%. As of the end of June 20, major member steel mills of China Iron and Steel Association (CISA) accounted for 16.22 million tonnes of finished steel inventory, up 2.64% or 0.42 million tonnes over early June, but down 0.26% or 42,600 tonnes over the same period. In the previous month, the data showed that the volume was 20.96%, or 4.30 million tonnes, less than the same period of the last year.