Morning Bites (part 1)
   
🔗CISA mills' daily crude steel production increased 2.7% to 2.32mnt in early April from late-March (YoY growth of 0.3%). Meanwhile, local steel inventories increased 6.2% over the same period. Although production (on an annual basis) has been growing continuously since early February, China’s government might limit national output at the level of 2022. That could potentially be a supportive factor for steel prices

#steel
https://metals-wire.com:3000/sector/Steel