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Commercial result of China's steel sector down 2.8 percent in Jan-May

Gangya Metal88 people have read

In the January-May period this year, value-added commercial result of the ferrous steel smelting and rolling industry in China taped a 2.8 percent reduction year on year, 0.1 portion points slower than the decreasing pace videotaped in the initial four months this year, as introduced by China's National Bureau of pattern steel coil priceStatistics (NBS). China's total value-added industrial output raised by 3.3 percent year on year in the first 5 months. In May alone, the general value-added industrial output climbed by 0.7 percent month on month.In Might this year,Gangya metal of the 41coil stainless industrial fields in China, 25 witnessed year-on-year rises in value-added commercial output.In the first five months this year, results in the mining and production markets increased by 9.6 percent and also 2.6 percent, year on year, respectively.$ 1 = RMB 6.7518

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