Recently, the third quarter reports of listed steel companies have been released one after another, and the data show that more than 60% of the 36 listed steel companies have achieved profits. However, according to relevant data, only 9 steel companies have seen year-on-year increases in profits, while 13 have seen year-on-year declines, among which Hangzhou Steel has declined by 82.75%, and Xingang Steel has declined by 69.38%. 14 listed steel companies have incurred losses, with the total amount exceeding 10 billion yuan, and Maanshan Steel and Angang Steel have turned from profits to losses, with Angang Steel incurring a loss of 2.115 billion yuan, becoming the "king of losses" among listed steel companies in the first three quarters. In addition, recently, Liao Steel Group Co., Ltd., a state-owned steel company, disclosed its third quarter report of 2023, showing that its current net profit is -2.689202 million yuan; and Shagang Group also incurred losses of more than 1 billion yuan.
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