China’s iron and steel industry (ferrous metal smelting and rolling processing industry) output increased to 9.9pc in Jan-Nov 2019 period from the prior year, up by 3.1pc, according to China Metallurgical News report.
In the Jan-Nov 2019 period, the output of the mining and manufacturing industry went up by 5.7pc and 6.3pc respectively, in November. The output of automobile industry production grew by 0.7 from the prior year. The growth rate of downstream like automobile is slower than the steel industry in the same period. The growth rate of fixed asset investment in 2019 in the steel industry is close to 30pc which shows a steady growth trend in the industry from the prior year.