In the first quarter, the output of crude steel, pig iron and steel in China was 243.38 million tons, 200.91 million tons and 311.93 million tons respectively.

Analysis said that the demand in April may be lower than expected, restraining the rise of steel prices.

In 2023 steel demand will see further growth of 2.2% to reach 1,881.4 Mt. The current forecast is subject to high uncertainty.

Tangshan's crude steel output was 130 million tons in 2021, a year-on-year decrease of 9%.

Mineral Production Records 13.2 per cent Cumulative Growth

METSO OUTOTEC ROLLS OUT DIGITAL PLATFORM

Both prices are up by 47pc since hitting a low around $1,022/st on 1 March.

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