Reuters article: China steel production higher in early April

From reuters: China daily steel output up 2.5 pct in early April – CISA

(CISA is China Iron and Steel Association)

• China’s average daily steel output is estimated at 2.12 million tons in the first 10 days of April (Which, Reuters reports, is up 2.51% over the last 10 days of March)

China’s steel mills have been producing in excess of 2 million tonnes of steel per day since mid-February, despite concerns about soaring stockpiles and weak demand.

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Those bullish AUD would like to see growth figures from industries like steel producers in China. I’m not sure that this is much of a positive report, though.