Steel mills generally reported poor earnings reports in H1, but this situation may improve in H2

Since the beginning of 2023, under the background of weakening demand and continuous downward prices, the performance of steel enterprises has generally been under pressure. Data show that as of July 30, 24 listed companies in the iron and steel industry have issued mid-term report forecasts, of which 15 are expected to lose money, accounting for more than 60%. Experts interviewed believe that the profitability of the steel industry is expected to achieve sustained improvement in the second half of the year.