After China’s steel supply was over demand in the past few months, steel supply and demand are likely to balance in October. The reasons might be that the purchase of spot goods improved, and the main inventory decreased. Also, many buyers planned to refill their stock before China's National Day holiday.

The steel stock in September dropped to a low level, probably supporting the steel price in October. The price in October was expected to be stable, and the steel demand would also be forecasted to keep the same level as in September. Therefore, the steel output in October would not rise further.