China steel mills’ output rose in late February

摘要

China Iron and Steel Association (Cisa) member mills’ crude steel output rose by 6.1pc from 11-20 February to 2.22mn t/d over 21-28 February on stronger domestic steel demand. Late February crude steel output rose by 6.9pc from a year earlier, as China limited steel production in the heating season last year. China’s winter restriction plan for mills in north China’s “2+26” cities requires an overall cut of 30pc on the year from January until mid-March. China has not established any production cut target this year by far.