News

Daily crude steel production among member mills of China Iron & Steel Association (CISA) eased further over November 1-10 to average 1.99 million tonnes/day, or refreshing the lowest since mid-August, according to the association's release on November 15. These member mills' daily output during the first 10 days of this month declined by 2.1% or 42,300 t/d from the late October period.

On November 8, Hebei Iron & Steel Group (HBIS Group) finalized its SiMn bidding price for November delivery at Yuan 7,450/tonne ($1,030/t), down Yuan 100/t on month, while the bidding volume increased by 1,100 tonnes on month to 18,400 tonnes.