China's output of pig iron climbed to 70.26 million tonnes in October, up 1.4 percent year on year, while steel production grew by 3.5 percent from the previous year to 119.41 million tonnes, according to the latest data released by the China Iron and Steel Association.
Data showed that 35 out of the 41 primary industrial sectors reported a year-on-year growth in value-added output in October.
Industry insiders said that the proportion of industrial steel products, particularly medium and heavy-width steel strips, has been on a consistent rise since the start of this year, pointing out that the increase in steel strip production indicates an accelerated release of growth potential in China's manufacturing industry.
Statistics revealed that the value-added industrial output of industrial enterprises above designated size in the country expanded by 5.3 percent year on year in October. More specifically, the value-added output in equipment manufacturing rose by 6.6 percent year on year, and high-tech manufacturing sector experienced a year-on-year 9.4 percent increase.
China sees rising production of steel, pig iron in October
