According to data from the China Iron and Steel Association, in the middle of March, the daily average pig iron output from China’s main steel manufacturers totaled about 1.84 million tons, decreasing by 0.41% compared to early March and by 6.56% year on year.

Meanwhile, the daily average crude steel and steel products’ production amounted to about 2.05 million tons and 1.97 million tons, decreasing by 0.51% but increasing by 1.95% from early March, respectively.

Regarding steel inventories in the middle of March, they slightly increased by 0.05% from early March and grew by 3.04% from the same period of last year to about 19.53 million tons.