Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
According to the China Iron and Steel Association (CISA), as of late January of this year, the total average daily crude steel output of large and medium-sized steel enterprises in China, including all CISA members, was 2.0166 million MT.
This represents a drop of 3.69% when compared to mid-January (JANUARY 11–20) of this year. In mid-January this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China totaled 2.0939 million mt, increase 3.7% compared to early January (January 1-10) this year.
Inventory levels of the large and medium-sized steel enterprises in China declined sharply in the given period due to the approaching Chinese New Year holiday (February 9-16). As of January 31, the finished steel inventories of large and medium-sized steel enterprises in China amounted to 12.1992 million mt, reducing by 3.1553 million mt or 20.55% compared to January 20.
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