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[Ferro-Alloys.com] China's steel sector registered output expansion in the first 10 months of this year, industrial data showed.
Crude steel output saw a year-on-year growth of 5.5 percent to stand at 874 million tonnes in the January-October period, according to the China Iron and Steel Association (CISA).
The output of pig iron rose 4.3 percent from a year earlier to 742 million tonnes during the period, the CISA said.
The association expected the country's annual output of crude steel to exceed 1 billion tonnes in 2020, representing year-on-year growth of 3 percent to 5 percent.
Global mining giant Rio Tinto Group Plc said it will continue investing in China and deepen its partnerships with local players as the country accounted for more than half of its global revenue last year.
The company has strengthened its partnership with Tsinghua University, extending the tenure of the Tsinghua-Rio Tinto Joint Research Centre for Resources, Energy and Sustainable Development for another five years, according to Jean-Sebastien Jacques, Rio Tinto's chief executive officer.
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- [Editor:kangmingfei]
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