In the January-October period of this year, the industrial output value of the stainless steel sector in the city of Xinghua in China’s Jiangsu Province totaled RMB 46.794 billion ($7.5 billion), up 28.6 percent year on year, according to the figures released by the municipal government of Xinghua.
In the given period, tax contributed by the stainless steel sector in Xinghua totaled RMB 261.41 million ($42 million), up 21.18 percent year on year.