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Liuzhou Steel Group grows step by step
Date:2018-08-14  Source:Liuzhou Daily

On May 2018, the World Steel Association published the “Statistical Data for World Steel in 2017”. With 12.3 million tons of crude steel output, Liuzhou Steel Group Co., Ltd. ranks 31st among the world’s top 50 steel enterprises. Particularly, there are 26 Chinese enterprises on the list, among which only 14 rank in front of Liuzhou Steel Group.

With decades of down to earth efforts, Liuzhou Steel Group continues to grow, and now becomes the mainstay and forerunner that drives the development of local economy. In 2017 merely, it had contributed more than 2.3 billion yuan of taxes. Constant growth in steel quality and output enables Liuzhou Steel Group increasing profits as well as employees’ salaries every year. Over the first decade of the 21st century, the average annual income of employees in Liuzhou Steel Group went up from 11,000 yuan to over 50,000 yuan, and to over 70,000 yuan in 2011, ranking the top three in Chinese steel industry. In terms of enterprise scale, Liuzhou Steel Group is out of top 10 among all iron and steel enterprises in China; but of effectiveness, it ranks on the front row. In 2017, Liuzhou Steel Group gained a profit of 4.68 billion yuan, ranking the top 10 compared with its peers in China.

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