Chinese key steel mills registered a rise of 0.85% in daily output of crude steel over February 21-28 compared to previous ten days, China Iron and Steel Association (CISA) data showed on March 4.
The association said these steel mills produced 2.32 million tonnes of crude steel averagely each day during the period, an increase of 14.07% from a year ago.
Daily production of pig iron averaged 2.05 million tonnes, rising 0.67% from ten days ago and up 5.94% from the year prior, while that of finished steel climbed 11.52% from ten days ago to 2.39 million tonnes, up 18.66% year on year.
During February 21-28, key steel mills churned out a total 18.56 million tonnes of crude steel, 16.39 million tonnes of pig iron and 19.14 million tonnes of finished steel.
During the same period, China was estimated to produce a total 23.59 million tonnes of crude steel, with daily output up 0.48% from ten days ago and 6.13% on the year to 2.95 million tonnes.
Total output of pig iron in China was estimated at 19.73 million tonnes, with daily output at 2.47 million tonnes. Total finished steel output was expected to reach 29.59 million tonnes, with daily output up 0.53% from ten days ago to 3.7 million tonnes.
As of February 28, key steel mills held 16.41 million tonnes of finished steel stocks, down 6.48% or 1.14 tonnes from ten days ago and surging 41.22% or 4.79 million tonnes from the beginning of 2021.
(Writing by Rebecca Liu Editing by Harry Huo)
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