politics

China’s steel sector records output growth

Photo taken on Feb. 21, 2020 shows a workshop of a factory of Baoshan Iron & Steel Co., Ltd (Baosteel) in Baoshan District in Shanghai, east China. (Xinhua/Ding Ting)

  Photo taken on Feb. 21, 2020 shows a workshop of a factory of Baoshan Iron & Steel Co., Ltd (Baosteel) in Baoshan District in Shanghai, east China. (Xinhua/Ding Ting)

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.

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