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  • China's steel industry sees output growth in September
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    An employee polishes a steel tube at a production facility in Dalian, Liaoning province, in August. [Photo by Wang Yang/China Daily]

    China's steel sector registered output expansion in September as the country's economic recovery maintains momentum, industrial data showed.

    Crude steel output rose by 10.92 percent to reach 92.56 million tons in the period, with a daily output of 3.09 million tons, according to the China Iron and Steel Association (CISA).

    The output of pig iron gained 6.93 percent year-on-year to hit 75.78 million tons last month, while that of rolled steel reported a year-on-year increase of 12.33 percent, according to the CISA.

    The association expected this year's total output of crude steel to exceed 1 billion tons, representing year-on-year growth of 3 to 5 percent.

    Amid solid efforts to bolster the economy, the country's major steelmakers saw their sales revenue grow 5.44 percent year-on-year to stand at 3.39 trillion yuan ($504 billion) in the first nine months.

    Source: Xinhua
    2020-11-03

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