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China’s steel sector records output growth

Abstract : China's steel sector registered output expansion in the first 11 months of the year, industrial data showed.

BEIJING, Dec. 19 (Xinhua) — China’s steel sector registered output expansion in the first 11 months of the year, industrial data showed.

Crude steel output rose 5.5 percent year on year to stand at 961.16 million tonnes in the January-November period, according to the China Iron and Steel Association (CISA).

The output of pig iron rose 4.2 percent from a year earlier to 812.9 million tonnes during the period, the CISA said.

The association expected the country’s annual output of crude steel to exceed 1 billion tonnes in 2020, representing year-on-year growth of 3 to 5 percent.

In November alone, crude steel output rose by 8 percent to reach 87.66 million tonnes, with a daily output of 2.92 million tonnes, according to the CISA.

The output of pig iron gained 4.7 percent year on year to hit 72.01 million tonnes last month, while that of rolled steel reported a year-on-year increase of 10.8 percent, said the CISA. Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China’s steel sector records output growth

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