Chinese key steel mills registered an increase of 3.7% in daily output of crude steel over January 11-20 compared to previous ten days, according to data released by China Iron and Steel Association (CISA).
These steel mills produced 2.09 million tonnes of crude steel averagely each day during the period, up 8.12% from a year ago.
Daily production of pig iron averaged 1.89 million tonnes, up 4.95% from ten days ago and 6.2% from the year prior, while that of finished steel climbed 6.54% from ten days ago to 2.03 million tonnes, which were still 11.9% higher year on year, data showed.
During the same period, the daily output of crude steel in China was estimated to 2.74 million tonnes, rising 2.76% from ten days ago. That of pig iron was 2.22 million tonnes, up 4.78% compared to previous ten days. Daily finished steel output increased 2.17% from ten days ago to 3.75 million tonnes.
As of January 20, key steel mills held 15.35 million tonnes of finished steel stocks, increasing 6.67% from ten days ago yet declining 4.45% compared to the same period last year.
(Writing by Rebecca Liu Editing by Harry Huo)
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