China’s crude steel production in January-February decreased 10% on the year to 157.96 million mt, data from the National Bureau of Statistics showed March 15. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The daily average in the first two months declined 3.7% from the December level to 2.677 million mt/day. China’s pig iron output in January-February fell 10.5% on the year, reaching 132.13 million mt, while the daily figure also dropped 3.7% from December, to 2.239 million mt/day. The month-on-month decline in both crude steel and pig iron output was in line with market expectations, as winter output cuts in northern China intensified in February during the Winter Olympics, sources said. As steel output fell, it also contributed to lower steel inventories in March, supporting steel prices despite sluggish steel demand caused by the slowdown in China’s property market. However, output cuts […]