Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

China's steel sector sees output expansions in July

August 24, 2020


Abstract : China's steel sector registered notable output growth in July as the country's economic recovery consolidates, industry data showed.

BEIJING, Aug. 23 (Xinhua) -- China's steel sector registered notable output growth in July as the country's economic recovery consolidates, industry data showed.

Crude steel output rose by 9.07 percent to reach 93.36 million tonnes in the period, with a daily output of 3.01 million tonnes, according to the China Iron and Steel Association (CISA).

The output of pig iron gained 8.81 percent year on year to 78.18 million tonnes in July, while that of rolled steel surged by 9.87 percent from the same period last year to 116.89 million tonnes, the CISA data showed.

Affected by COVID-19, major steelmakers in the first quarter suffered a revenue loss of over 5 percent, while profits slumped by more than half.

As macro policies supporting growth continues to consolidate economic recovery momentum, demand for steel in the downstream industry is expected to maintain growth, a report from the CISA said. Enditem

Scan the QR code and push it to your mobile phone

Keyword: steel industry

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial