Morning Bites (part 2)

🔗CISA mills' daily crude steel production in early-September was reported at 1.94mnt, up 2.7% from the previous ten days, but 10.3% lower YoY. The YTD output (up to 10 September) was down 3.1% YoY. At the same time, local steel inventories rose 2.9% over the period (also being down 5.3% YoY)

China accounts for ~57% of global steel supply

#steel  
https://metals-wire.com/sector/Steel