English
Industry News

China's iron and steel industry sees rising revenue

Views : 8
Update time : 2019-10-30 09:47:49

BEIJING - China's iron and steel industry reported business revenue growth of 8.9 percent year-on-year in the first eight months, official data showed.

Business revenue hit 5.58 trillion yuan ($788.7 billion) in the first eight months, according to a statement by the Ministry of Industry and Information Technology.

From January to September, the output of cast iron reached 612 million tons, up 6.3 percent year-on-year and that of crude steel grew 8.4 percent from one year earlier to 748 million tons.

During the period, rolled steel output in the country climbed 10.6 percent year-on-year to 909 million tons.

Steel exports fell 5 percent to about 50.3 million tons, whereas imports saw a decrease of 12.2 percent to hit 8.75 million tons in the first three quarters.

Related News
Read More >>
China's development benefits others China's development benefits others
Nov .06.2019
Think tanks and media institutions can be advocates of world peace and development, disseminators of the concept of win-win cooperation, and promoters of common progress for mankind, a senior official of the Communist Party of China said on Tuesday.
Economic fundamentals remain solid Economic fundamentals remain solid
Oct .22.2019
China's economy, though facing headwinds, has maintained steady growth over the first three quarters of this year, as the country's economic structure continued to optimize, said the country's top economic regulator.