[Ferro-Alloys.com] China's industrial output, an important economic indicator, rose 24.5 percent year-on-year in the first quarter of this year, as the country's industrial production rebounded steadily, according to the National Bureau of Statistics on Friday.
The nation's industrial output also surged 2.01 percent quarter-on-quarter, with an average two-year growth of 6.8 percent. In March, the industrial output increased by 14.1 percent year-on-year, up by 0.6 percentage points compared with the previous month.
Notably, the output of equipment manufacturing and high-tech manufacturing increased by 39.9 percent and 31.2 percent, respectively, year-on-year, with an average two-year growth of 9.7 percent and 12.3 percent, respectively.
The American Iron and Steel Institute (AISI) reported today that for the month of February 2021, U.S. steel mills shipped 6,735,067 net tons, a 9.2 percent decrease from the 7,420,816 net tons shipped in the previous month, January 2021, and a 13.3 percent decrease from the 7,771,656 net tons shipped in February 2020. Shipments year-to-date in 2021 are 14,155,883 net tons, a 13.2 percent decrease vs. 2020 shipments of 16,307,411 for two months.