Kim Jong Un’s Economic Success Story: North Korea Hits 101.4% of Steel Production Targets

North Korea’s state-run newspaper, Rodong Sinmun, reported on Tuesday that North Korea completed its August economic plan across many sectors of the economy.

According to the newspaper, the Kim Chaek Iron and Steel Complex and the Chollima Steel Complex in the metal industry achieved 101.4% of their steel production targets, meeting the increasing demand for steel products.

The report also highlighted that facilities such as the Posan Plant and the Puryong Ferroalloy Factory met their assigned production goals. Also, the Musan Mining Complex and other units focused on iron ore, refractory materials, and electrode production have strengthened their production capacities.

Following major repairs, the Namhung Youth Chemical Complex and the Hungnam Fertilizer Complex have resumed normal operations, and the February 8 Vinalon Complex is reportedly running smoothly.

The Pukchang Thermal Power Complex, managed by the Ministry of Electric Power Industry, and other thermal power plants like the Sunchoen Thermal Power Plant have increased productivity. The report noted that hydroelectric facilities in various regions produced more electricity than last year.

“The coal industry sector has seen numerous tunneling units exceed their annual plans,” the report noted.

The machinery sector also saw notable achievements, with the Yongsong Machinery Complex and the Taean Heavy Machine Complex successfully producing equipment for different sectors of the national economy.

The building materials sector also showed progress, with the Sangwon Cement Complex increasing its clinker production per hour and the Sunchon Cement Complex extending its roaster kiln operation days.

While North Korea regularly updates the production performance of major enterprises and factories at the beginning of each month, the reliability is low as it does not provide specific figures.