It is reported that it is inundant to delay the rallying trend in the whole steel industry, spurred on the national series economic packages, although the steel industry is still in a tight corner.

Through carrying out effective measures, Jiangsu-based Changzhou Zenith Steel has speeded up its regrouping and technologic innovation paces, breaking 5 million tonnes per year of the production capacity last year. Furthermore, impacted by the economic depression, the steel mill has realized CNY 25.9 billion of industrial output value in 2008 by timely policy adjustments.

In 2009, Zenith Steel has achieved CNY 6.7 billion of the sales revenue during January to March up by 20%YoY. At present, it keeps a full loaded production state, posting at monthly output of 0.45 million tonnes. Along with the continuous national revitalization plans, the enterprises have gradually recovered their market sentiments, further picking up the industrial updating and development paces.

(Source: Changzhou Daily)