According to the data released by CISA (China Iron and Steel Association), Chinese registered steelmakers have contributed a daily crude steel output of 1.5797 million metric tons in late March of this year, decreasing by 1.24% from middle March. Meanwhile, Chinese average daily crude steel output is estimated to stand at 1.89 million metric tons in late March, declining by 1.49% versus middle March.
At present, the steelmakers' transaction deals have increased substantially from previous time owing to the rising demands from final customers. Therefore, we deem that the domestic steel prices will continue its vigorous trend in the upcoming future.