CISA: Members' mid-March daily steel output bounces

Daily crude steel production among the member mills of the China Iron & Steel Association (CISA) rebounded by 4.7% or 101,400 tonnes/day from early March to a near nine-month high of 2.25 million t/d on average over March 11-20, the association's latest data showed. Behind the rise in daily output was the fact that many mills lifted production during the ten-day period to enjoy improved profits, sources said.

Based on its member mills' performance, CISA estimated the country's daily crude steel output at 2.73 million t/d for the middle ten days of March, higher by 4.3% from March 1-10. Mysteel's survey among a larger group of 247 blast-furnace and 87 electric-arc-furnace makers matched CISA's findings, as daily crude