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Steel industry in Liuzhou sees upturn in first three quarters
 
Date:2017-10-31 By:Shasha Liang Source:Liuzhou Daily

From January to September of this year, Liuzhou’s steel industry has achieved an industrial output value of 63.15 billion yuan, with an increase of 16.5% compared with the same period of last year. The industry runs smoothly as a whole, maintaining a good momentum of recovery.

Since the beginning of 2017, under the call of the country for cutting overcapacity of steel industry, the domestic steel prices have fluctuated and returned to a reasonable level, reaching the highest in the past five years. Liuzhou’s iron and steel industry has therefore gained a great development. It is learned that in the first three quarters, Guangxi Liuzhou Iron and Steel Group’s steel production, operating incomes, profits and other indexes have reached a record high, with the data of steel production in the first 3 quarters reaching 2.93 million tons, 3.2 million tons, and 4.04 million tons respectively. Those data have increased greatly year on year. From January to September of this year, Liuzhou Iron and Steel Group sees a total industrial output value of 50.14 billion yuan, with profits of 1.916 billion yuan, which is the highest level during the same period since its founding. In addition, the Group has conducted a trial of 10 new brands of products, like DC03EK enameled steel and ER70S-6 electrode steel, among which ratio of variety steel reaches more than 63.5%, thus further enhancing its ability to make greater development.

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