SHANGHAI Chinas crude steel output averaged 2.07 million tonnes per day in late March, up 0.4 percent from 2.06 million tonnes in mid-March but down 0.6 percent from the record 2.08 million tonnes per day in the first 10 days of the month, the latest data from the China Iron and Steel Association (Cisa) show.
Output by Cisa members averaged 1.68 million tonnes per day in late March, up 0.5 percent from mid-March and unchanged from early March.
"Steel mills are reluctant to cut production at the moment, when demand is expected to step up," a steel mill source in Hebei province told AMM sister publication Steel First. "The only problem now is demand growth is not as strong as expected."
A version of this article was first published by AMM sister publication Steel First.