Chongqing Iron & Steel (Group)'s steel output broke through 7 million tons.

$30.6b earmarked for mixed-ownership reform, cutting-edge technology.

The 10 projects involve total investment of about 13.56 billion yuan and will be developed into 513,000 square meters of gross floor space.

It started construction on Aug 16 with an area of 6,500 square meters.

China's consumption of steel products is expected to grow marginally next year.

The steel giant is going to pursue latest technologies and innovation and emerge as the global steel industry leader, said its chairman.

According to data recently released by China Iron and Steel Industry Association, from January to November, China produced 961 million tons of crude steel, with a year-on-year increase of 5.50%; 813 million tons of pig iron, with a year-on-year increase of 4.1...

As of December 29, China Baowu Masteel ironmaking plant has completed the production of 14505310 tons of hot metal and 14.4 million tons of annual production ahead of schedule.