Journalists learned from the China Iron and Steel Industry Association that in the first half of this year, the total profit of the steel industry increased by 63.26% year-on-year.
During the first six months, the national crude steel production reached 5.15 billion tons, a decrease of 3.0% compared to the previous year, in line with national industry control policies. The Steel Association highlighted that the total profit of the steel companies reached 59.2 billion yuan, a 63.26% increase year-on-year.
Zhao Mingge, President of the China Iron and Steel Industry Association, mentioned that the production control measures taken by the country to achieve a dynamic supply-demand balance have been effective. Major steel companies with an annual crude steel production of over 10 million tons saw a 3.7% year-on-year decrease, maintaining low steel inventory, basic supply-demand balance, and relatively stable steel prices, while also witnessing a decrease in raw material demand and a shift in cost focus.
China’s steel sector, with over 700 million tons of capacity, achieved ultra-low emissions. Additionally, it was reported that this year…
