BEIJING, March 19 China produced an average of
2.097 million tonnes of steel a day in the first 10 days of
March, up 0.72 percent compared to late February and the highest
since mid-November, but output from big mills declined markedly,
data from the steel association showed.
The China Iron and Steel Association (CISA) said output from
its members -- larger steel mills -- hit 1.66 million tonnes
over the period, down 7.95 percent compared to late February,
indicating that China's larger mills are taking measures to
reduce output in the face of severe oversupply, high stockpiles
and plunging prices.
But the overall increase in production over the period shows
that smaller, private mills are continuing to ramp up output
despite severe economic difficulties and efforts to shut
The association said on Tuesday that its price index for
steel products was at its lowest since February 2006, with
demand failing to keep up with a rapid increase in output.
CISA estimates total output based on the production figures
from its members, which consist of more than 80 large- and
medium-sized steel mills normally accounting for about 80
percent of total production.
Period Daily Change Members Change
output(mln T) (pct) (mln T) (pct)
Mar 1-10 2.097 +0.7 1.660 -7.9
Feb 21-28 2.082 +5.9 1.804 +6.8
Feb 11-20 1.967 -4.8 1.689 -4.1
Feb 1-10 2.066 +5.2 1.761 +6.2
Jan 21-31 1.964 -2.1 1.659 -2.5
Jan 11-20 2.007 +0.5 1.702 +1.6
Jan 1-10 1.997 +1.9 1.675 +2
Source: China Iron and Steel Association
For CISA's steel output report, click on STEE/CN
(Reporting by David Stanway; Editing by Ed Davies)