October 2016 | Steel Raw Materials
Higher Chinese steel output pressures margins and mills to manage operational costs: Latest Analysis
MBR anticipates most Chinese blast furnaces will maintain firm demand of higher grade iron ores, which contain lower levels of silica and alumina, as most mills will reduce their coke consumption rates to manage their operational costs.
Despite dwindling domestic steel prices, Chinese steel producers raised output in mid-September as there was still modest margins to be made for some mills. Average daily output from member mills of the China Iron & Steel Association (CISA) climbed 0.9% to a recent high of 1.774 Mt per day in the...
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