Crude Steel Output Analysis And Forecast in December

Price information related to steel pails

In October, the national average daily output of crude steel was 2.5729 million tons, a sharp drop of 11.2% from the previous month. Although the losses of steel mills narrowed significantly in November, most of them were still in a state of small losses. It is estimated that the average daily output of crude steel in the country from November to December will be 2.55-2.6 million tons, continuing to run at a low level. In November, the steel market showed an oversold rebound. It is expected that steel prices will be supported at the bottom in December, and there will be pressure to rise, or they will fluctuate around production costs.

Correspondingly, the price of cold-rolled sheet steel, the basic material of steel pails, generally increased this week.