China’s crude steel output increases by 19% in Mar ’21

China’s crude steel output rises by 19% y-o-y basis despite autumn production curbs to 94.02 mn t in Mar ’21 in contrast with 78.98 mn t in CPLY, SteelMint learned from the recent data released by National Bureau of Statistics (NBS) today. The booming manufacturing sector and increasing construction activities along side higher domestic margins pushed mills to produce more.