Features
CRU: Cisa calls on steel makers to reduce stocks
Written by CRU
May 14, 2024
The China Iron and Steel Association (Cisa) has urged steel producers to cut back on record high inventories while the sector struggles with oversupply.
In late March, stocks were 18.34 Mt, up 11% year-on-year and an all-time high for the period.
Though crude steel output was 1.9% lower y/y at 257 Mt, apparent consumption fell by a greater amount, 4.6%, Reuters news agency reported Cisa as saying.
A protracted property crisis and slowing infrastructure demand growth has reduced demand for steel in China.
This article was originally published by CRU. Learn more about CRU’s services at www.crugroup.com.
Latest in Features
August service center shipments and inventories report
US service centers flat-rolled steel supply in August declined month-over-month (m/m) and year-over-year (y/y), according to SMU data.
Final Thoughts
SMU uses ferrous scrap survey data to take AI out on a test drive.
AISI: Raw steel output slips
Domestic mill output declined last week, according to the latest data released by the American Iron and Steel Institute (AISI). While down, production remains historically strong, holding near multi-year highs since June.
Final Thoughts
Will a US-UK meeting next week prove a harbinger of tariff deals to come, or will it be just another case of having the rug pulled from under us?
SMU Week in Review: Sept. 8-12, 2025
As governments falter, ecosystems unravel, and moral compasses spin like casino wheels, the American steel industry remains stubbornly stable. Come, take a walk with me through a recap of this week's steel industry news...