MIIT: steel industry capacity utilization rate reaches 78.1% in the first three quarters
2018-10-24 16:36:38 [Print]
On October 23, the State Council Information Office of the PRC held a press conference on the development of the industrial communications industry in the first three quarters of 2018
. Xin Guobin, deputy minister of Ministry of Industry and Information Technology (MIIT), said at the press conference that the effectiveness of structural de-capacity was relatively obvious . In the first three quarters, the capacity utilization rate of the steel and coal industries reached 78 . 1% and 71 . 4% respectively, an increase of 2 . 7% and 4% over the same period last year . In the first eight months, the profits of these two industries increased by 80% and 17% respectively.