(MENAFN) On Monday, Oct. 25 the China Iron and Steel Association (CISA) stated that average daily production of crude steel in China logged a three-year low last month.
CISA vice chairperson Qu Xiuli noted at a press meeting that the average daily production in September plunged 21.2 percent year over year hitting 2.46 million tonnes.
The decrease in production is a must, as China kept managing the production and energy price of the steel sector.
A decrease in production, however, did not impact the income of the country’s key steel mills. During the first three quarters, income of China’s key iron and steel firms soared 123 percent year over year.
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