China’s daily crude steel output came to 1.50 million tons in the first ten days of June, up from 1.49 million tons in late May and equaling to 547 million tons on yearly basis, compared to 500 million tons last year and 460 million tons previously predicted for 2009. Key medium and large-sized mills are expected to have produced 11.78 million tons of steel over the same period. The CISA noted steel prices showed signs of slight recovery in May thanks to a series of stimulus economic policies by the state, growing demand from domestic market and the process of de-stocking. But the problem of an overall overcapacity in the industry remained serious.