Morning Bites (part 2)

🔗CISA mills daily crude steel production during late December was reported at 1.87mnt, down 5.3% vs. the previous ten days, but up 12.4% YoY, from the low base. Meanwhile, local steel inventories fell 15.5% over the period (flat YoY). Per CISA data, during 2024, China's production slid 1.3% YoY

We reiterate our view that the new economic support measures announced by Beijing might bolster the local property sector in 2025, but more actions are required for a full-scale recovery in construction activity

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