According to data released by China Iron & Steel Association (CISA), the country’s daily crude steel output averaged at 1.78 million tons in early January.

The daily crude steel output in the world's top producer and consumer in early January increased by around 3.63% compared to the previous period.

During the early January, the inventories at steelmakers were at 13.63 million tons, climbing by 394,900 tons compared to the last period.