China's daily average crude steel output over Feb. 21-28 reached 1.912 million tonnes, up 5.5 percent compared with the previous 10 days, data from the China Iron and Steel Association showed on Tuesday.
Average daily output for the whole of the month stood at 1.823 million tonnes, up from 1.703 million tonnes in January, CISA said.
On an annualised basis, that would amount to 665 million tonnes, according to Reuters calculations -- in line with an output forecast of 660 million tonnes made by the Ministry of Industry and Information Technology last month. Chinese output has been steadily increasing despite growing uncertainty about the health of domestic demand.
Prices have dropped 8 percent since early February with traders staying on the sidelines and end-users already well-stocked.
豫公网安备41010502003434号