According to the Chinese National Bureau of Statistics, fixed-asset investment accomplished by the country’s iron and steelmakers and steel processing sector in 2010 amounted to RMB 346.50bn ($52.7bn), up just 6.1% over 2009.

However, FAI in the mining sector was driven up by the rising price of iron ore, with the investment coming to RMB 106.62bn ($16.23bn) last year, up 26.4% on 2009.

Combined FAI by the country’s I&S industry totalled RMB 453.12bn ($69bn) in 2010, up 10.3% y-o-y.

Source: China Metals e-mail chinametal@xinhua.org