Crude steel output at
key mills surveyed by the China Iron & Steel Association rebounded during
the first ten days of April, ending the continuous declines witnessed
throughout March.
Daily output during April 1-10 averaged 1.695 million metric tons/day, up 5%
from late-March’s 1.613 million mt/d, according to data released by CISA on
Monday. The late-March average was the lowest since late January 2013 and was
blamed on the poor market, as Platts reported.
One Shanghai-based industry analyst said the output rebound was within
expectations, as steelmakers are enjoying better profitability on slumping iron
ore prices.
Source- yieh