China’s average daily crude steel output reached 1.9222 million t in late March

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Publish time: 12th April, 2011      Source: ChinaCCM
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According to the latest data released by CISA, China's daily crude steel output averaged 1.9222 million t in late March, dropping by 1.16% from1.9448 million t in mid March. On the other hand, for entire March China's average daily crude steel output came to 1.9137 million t, down 1.33% from 1.9395 million t in Feb. In this context, China's crude steel growth had slowed gradually in March compared to previous months, which mitigated the supply pressures for the domestic steel market. Besides the inventory level for the domestic steel products also had declined for the fifth consecutive month, which wound make some affirmative contributions for a better market trend in future.