China increased steel production by 5.5%

China increased steel production in January-October by 5.5% compared to the same period last year – up to 874 million tons, according to data from the China Iron and Steel Association (CISA).

Pig iron production increased by 4.3% and reached 742 million tons.

According to the CISA forecast, by the end of 2020, the volume of steel production in the country will exceed 1 billion tons. Thus, it will be 3-5% more than last year, according to Xinhua News Agency.

Based on materials from Xinhua News Agency

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