A full interpretation of the August steel industry data

Judging from output, output of iron and steel industry continued to pick up in August. Pig iron output in August was 60 million 190 thousand tons, up 3.6% over the same period last year. The output of crude steel was 68 million 570 thousand tons, up 3% from the same period. The output of steel was 97 million 910 thousand tons, up 4% from the same period. From January to July, the total profit of Industrial Enterprises above the national scale reached 3523.59 billion yuan, an increase of 6.9% year-on-year, and the growth rate was 0.7 percentage points faster than that of January to June.
In the downstream industries related to the iron and steel industry, the metal products industry grew 4.8% year on year in July, the general equipment manufacturing industry grew 2.5% year on year, the automobile manufacturing industry increased by 11.3%, and other transportation equipment, such as railway, ship and other transportation equipment, increased by 2.3 year on year.
CITICIC is mainly engaged in the designing and manufacturing of large machinery components and non-standard machinery parts,including shafts,gears sprockets,sheaves,couplings,bearing supports,castings and forgings etc.the products are mainly used in the fields of mining,petroleum,cement,steel mill,power plant,sugar factory etc.the material of products can reach more than one hundred types,which can meet different national standards.

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Post time: Sep-10-2016
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