CISA: Members' daily crude steel output marks time in late-Feb

Daily crude steel output among the member mills of the China Iron and Steel Association (CISA) stayed largely steady during February 21-28 to average 2.03 million tonnes/day, dropping by a minimal 0.1% from the previous ten-day period, according to the latest release from the association on March 5.

But the average was lower by a significant 10.2% on-year compared to the corresponding survey period last year, according to the release. The period overlapped with this year's Chinese New Year (CNY) holiday between February 15 and 23. Although CISA made no comment regarding the retreat in crude steel output,