Chinese key steel mills registered a rise of 3.49% in daily output of crude steel over February 11-20 compared to previous ten days, China Iron and Steel Association (CISA) data showed on February 24.
The association said these steel mills produced 2.28 million tonnes of crude steel averagely each day during the period, an increase of 24.38% from a year ago.
Daily production of pig iron averaged 2.02 million tonnes, rising 3.65% from ten days ago and up 16.99% from the year prior, while that of finished steel climbed 2.82% from ten days ago to 2.12 million tonnes, up 25.3% year on year.
During February 11-20, key steel mills churned out a total 22.82 million tonnes of crude steel, 20.21 million tonnes of pig iron and 21.21 million tonnes of finished steel.
During the same period, China was estimated to produce a total 29.1 million tonnes of crude steel, with daily output up 2.04% from ten days ago and 15.91% on the year to 2.9 million tonnes.
Total output of pig iron in China was estimated at 24.53 million tonnes, with daily output at 2.45 million tonnes. Total finished steel output was expected to reach 36.79 million tonnes, with daily output up 0.92% from ten days ago to 3.68million tonnes.
As of February 20, key steel mills held 17.54 million tonnes of finished steel stocks, up 21.28% or 3.08 tonnes from ten days ago and surging 51% or 5.93 million tonnes from the beginning of 2021.
(Writing by Rebecca Liu Editing by Harry Huo)
For any questions, please contact us by email@example.com or +86-351-7219322.