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Chinese Steel Production in January-February

Economy, Steel

Chinese steel production in January-February rose 9.2% year-on-year to 149.6 Mt, according to the country’s National Bureau of Statistics. Steel mills in China have benefitted from a rise in domestic steel prices, with the price of hot rolled band up $22/t to $483/t since the start of 2019, World Steel Dynamics reports.

Meanwhile, Chinese industrial production growth in January-February reached a 17-year low of 5.3%, compared to 7.2% in the same period last year.