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