It is reported that due to the continuous price rise caused by domestic most areas power restrictions and steel reduction, Shandong Laiwu Steel output increased continually and October output broke the historical record created in April with pig iron, crude steel, steel output was respectively 1.6378 million tonnes up by 17.3% YoY, 1.578 million tonnes up by 16.1% YoY and 1.6085 million tonnes up by 30.3%YoY respectively.

Driven by steel industry, industrial enterprises above designated size present turnaround trend achieving added value of CNY 3.39 billion in October up by 13.72%YoY, in January to October the company gained accumulative total added value of CNY 30.312 billion up by 13.85%YoY realizing total profit of CNY 4.97 billion up by 36.93%YoY of which October total profit is CNY 0.661 billion increasing CNY 0.234 billion compared to September up by 54.7%MoM.

Industrial products EXW prices maintains steady increase of which Laiwu Steel monthly average prices maintain a steady rise as well reaching CNY 4514 per tonne in October up by CNY 50 from September to create the highest record in latest 6 months.

(Sourced from MySteel.net)
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