CISA: China's crude steel output to exceed 1 billion tons in 2020
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Update time : 2020-12-01 16:21:37
According to data released by the China Iron and Steel Association (CISA), China’s production of iron and steel in the first ten months of this year had a year-on-year increase to that the annual output of crude steel could be estimated to exceed 1 billion tons this year, with an increase of approximately 5% compared to last year.
The overall profitability of China’s iron and steel industries decreased year on year this year. The industry's sales profit rate averaged only 4.1%, a year-on-year drop, lower than the average profit rate of national industrial enterprises announced by the National Bureau of Statistics of China (NBS).
