China: Steel industry witnesses production growth
Date
11/28/2020 2:10:51 AM
(MENAFN) According to developed figures, steel industry of China recorded production growth during the January-October period of 2020.
The China Iron and Steel Association (CISA) stated that, crude steel production witnessed a year-on-year expansion of 5.5 percent to come in at 874 million tonnes in the first 10 months.
According to the CISA, pig iron production climbed 4.3 percent from a year ago, reaching 742 million tonnes in the stated period.
The yearly production of crude steel in China was predicted by the association to surpass 1 billion tonnes in the present year, indicating year-on-year expansion of 3 percent to 5 percent.
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