Li Xinchuang, vice secretary-general at the China Iron and Steel Association (CISA) announced that in 2015 average asset-liability ratio of large and medium-sized steel enterprises in China - all CISA members, stood at 70.06 percent, up 1.55 percent year on year, with the overall debt totaling $499 billion.
Li Xinchuang stated that the aggregate crude steel output of all CISA members totaled 601 million mt in 2015, accounting for 74.7 percent of the total crude steel output in China in the year in question.