China steel mills' daily steel output fell 3.08% in early March

China Iron and Steel Association (CISA) announced that in early March (March 1-10) of this year, the average total daily raw steel production of large and medium-sized steel companies in China amounted to 2.1517 million tonnes, down by 3.08% compared to late (February 21-28) this year. In late February (21-28) this year, the average total daily crude steel production of large and medium-sized steel enterprises in China reached 2.2202 million tonnes, up 6.09 per cent from mid-February (11-20). Stock levels in China's steel market rose as of March 10, and the final steel stock of large and medium-sized steel companies in China reached 17.7041 million tonnes, up by 1.63% from February 28. As of March 10, rebar futures on the Shanghai Futures Exchange were at CNY 4,314/t ($625.2/t), up CNY 140/to ($20.3/t) or 3.4 per cent since February 28. The daily steel output of China's steel mills fell by 3.08% in early March.