There is an increase in production in ferrous metallurgy

In the steel industry of China in January-October 2020, production growth was recorded.

The China Iron and Steel Industry Association (CISA) said crude steel production increased 5.5% year over year to 874 million tonnes in the first 10 months.

According to CISA, pig iron production rose 4.3% year-on-year, reaching 742 million tonnes over the same period.

The association predicted that China’s annual crude steel production will exceed 1 billion tonnes this year, indicating an annual increase of 3-5 percent.