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China's iron and steel industry sees rising revenue

Xinhua | Updated: 2019-10-28 11:19
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A worker tests the temperature of molten steel at a steel plant in Dalian, Liaoning province. [Photo by Liu Debin/For China Daily]

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.

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