It is reported by the CISA(China Iron and Steel Association) that China would produce 600 million tonnes of crude steel this year, far higher than last year’s 500 million and this year’s target output of 460 million.

China’s daily crude steel output remained at a high level in the first 10 days of November, though it dropped moderately from that in October.

Data from CISA show that the country’s 71 mid- and large-sized steel enterprises produced 1.62 million metric tonnes of crude steel every day in the first 10-day of this month, down 2.9 percent from October.

Crude steel output amounted to 472 million tonnes in the first 10 months, jumping 10.5 percent year on year.

The slight decline of daily output in early November was partly due to a seasonal overhaul. Analysts said that steel plants are unlikely to cut output significantly for this year’s remainder as present steel prices still allow them to make profits.