SHANGHAI Chinas daily crude steel output in the first 10 days of February rose 4.3 percent from late January, the China Iron and Steel Association (Cisa) said.
Daily crude steel output totaled 1.9889 million tonnes in early February vs. 1.906 million tonnes in the preceding 11 days.
Cisa members, made up of state-owned and large steel mills, also saw daily output rise 6.1 percent to 1.7014 million tonnes.
"Maybe (the increasing steel output) explains why steel prices have remained stable but iron ore prices went up after the Chinese New Year," an iron ore trader told AMM sister publication Steel First.
A version of this article was first published by AMM sister publication Steel First.