China Steel Association recently released data show that in the first three quarters of this year, the key statistics of steel enterprises operating income of 4.66 trillion yuan, down 1.74%; Total profit was 62.1 billion yuan, down 34.11 percent year-on-year; The sales margin was 1.33%, down 0.66 percentage points year-on-year.
It is understood that the price of upstream raw materials has risen, squeezing the profit margin of finished materials, steel mills are generally in loss, and production and operation are facing challenges.
