In February, China’s steel market prices fluctuated on the high side. In the first three weeks of February, hundreds of China’s small and medium-sized steel enterprises’ blast furnace operating rate was 77%, increasing by 0.7% compared to January.

China’s economy is recovering, and demand from downstream buyers gradually increases. China’s daily crude steel production in February might gradually increase and maintain at about 2.55 million tons.

In terms of the outlook in March, the steel price was expected to go up because of stable demand from downstream buyers.