China’s value-added industrial output in steel sector up 4.6% in April

Friday, 15 May 2020 11:59:22 (GMT+3)   |   Shanghai
       

In April this year, value-added industrial output in the ferrous metal smelting and rolling sector in China rose by 4.6 percent year on year, indicating a rise of 0.5 percentage points compared to a 4.1 percent rise recorded in March this year, due to the recovery of demand from downstream users, as announced by China's National Bureau of Statistics (NBS).

China's overall value-added industrial output increased by 3.9 percent year on year in April, shifting from a year-on-year decline of 1.1 percent recorded in March, while the overall value-added industrial output increased by 2.27 percent month on month in April, according to the same source. China's overall value-added industrial output decreased by 4.9 percent year on year in the first four months.

In April, of the 41 industrial sectors in China, 28 witnessed year-on-year increases in value-added industrial output. In April, output in the mining sector rose by 0.3 percent and output in the manufacturing sector decreased by 5.0 percent, year on year. 


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