中钢协：9月下旬重点钢企平均日产粗钢188.9万吨 环比下降8.9%

Core Insights - The China Iron and Steel Association reported a decrease in crude steel production in late September 2025, with a total output of 18.89 million tons, reflecting an 8.9% month-on-month decline [1] - Pig iron production also saw a decline, totaling 18.17 million tons, down 4.9% from the previous period [1] - Steel product output increased slightly, reaching 21.42 million tons, with a month-on-month growth of 4.0% [1] Production Data - The estimated national daily production for crude steel is 2.34 million tons, down 8.9% month-on-month; pig iron is 2.18 million tons, down 4.9%; and steel products are 4.14 million tons, down 0.7% [1] Regional Analysis - Among the six major regions, only the Northeast saw an increase in crude steel daily production compared to the previous period, while other regions experienced varying degrees of decline [1] Inventory Statistics - As of late September 2025, the inventory of steel products in key statistical enterprises was 14.67 million tons, a decrease of 620,000 tons or 4.1% from the previous period [1] - Year-to-date, inventory has increased by 2.3 million tons, reflecting an 18.6% rise [1] - Compared to the same month last year, inventory decreased by 310,000 tons, or 2.1%, while it increased by 390,000 tons, or 2.7%, compared to the same month two years ago [1]