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China’s daily crude steel output increases in mid-March

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According to the data from the China Iron & Steel Association (CISA), China’s crude steel daily output was 1.919 million tons during March 11st through March 20th, rising by 2% from earlier 10 days of March of 1.898 million tons.

China’s steel mills now start to lift up production for growing demand; however, analysts still worry about the rising outputting may hurt the gain in steel prices since the demand growth remains slow.

The March daily steel output is expected to reach 1.95 million tons, higher than 1.917 million tons same period last year.
News Date 30 Mar 2012 15:03:41 reported by Judy Lin

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