China steel output slips 1pct in mid Jan - CISA
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Wednesday, 08 Feb 2012
According to data issued by the China Iron and Steel Association, China produced 1.669 million tonnes of crude steel per day in the January 11st to 20th 2012 period down 1.3% compared with the previous 10 days.
Production normally drops in January as construction activity in northern China slow down for the winter. But output over the 10 day period was still 1.5% lower than the same period of 2011 and analysts have forecast that declining margins and weak demand could force mills to slash output further over the next month.
The following table shows changes in daily output since
October 2011.
| Period | Daily output (mln T) | Changes |
| Jan 11-20 | 1.669 | -1.3% |
| Jan 1-10 | 1.691 | 3.9% |
| Dec 21-31 | 1.626 | -2.4% |
| Dec 11-20 | 1.666 | -0.4% |
| Dec 1-10 | 1.674 | -0.7% |
| Nov 20-30 | 1.685 | 1.3% |
| Nov 11-20 | 1.664 | 0% |
| Nov 1-11 | 1.664 | -3.%1 |
| Oct 21-31 | 1.717 | -4.6% |
| Oct 11-20 | 1.799 | -2% |
| Oct 1-10 | 1.836 | -4.8% |
(Sourced from Reuters)
