China’s iron and steel industry has maintained solid growth momentum, posting notable rises in both operating income and profits from January to September.
Statistics from the Ministry of Industry and Information Technology showed that the industry’s total main operating income surged up by 14 percent from the same period last year to 5.66 trillion yuan (816.7 billion U.S. dollars).
The industry’s aggregate profit during the period amounted to 358.7 billion yuan, up 65.3 percent year on year.
Large- and medium-sized enterprises contributed 3.06 trillion yuan to the total operating income and 230 billion yuan to profits.
The two figures marked a rise of 14.5 percent and 86 percent respectively.