SHANGHAI - China's massive steel sector produced 2 percent more crude steel in the first 10 days of November than in late October, data from the China Iron & Steel Association (CISA) showed on Thursday.
The country's average daily crude steel output stood at 1.601 million tons in the first 10 days of November, up from 1.564 million tons per day in the last 11 days of October.
The association's member producers, about 77 medium- and large-sized steel mills, produced 1.333 million tons each day during the November 10-day period, little-changed from late October.
CISA earlier expected the country's steel production to stay at low levels in November and December.
Two leading Chinese steel mills annouced cuts to steel prices for December bookings in response to falling prices after Baosteel kept prices unchanged for the month from November.
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