According to figures from industry consultancy Mysteel, China’s daily crude steel output reached 1.646 million tonnes in the first 10 days of December, down 1.5 percent from the end of November.
While daily output has slowed slightly amid a seasonal lull in end-user demand, the figure remains much higher than the January-November average of 1.55 million tonnes, with mills and steel traders building stocks before a series of price hikes in January.
Total output from January to November reached 518.177 million tonnes, up 12.1 percent compared with the same period last year.
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