At a press conference held by the China Iron and Steel Industry Associ

Published: Oct 24, 2023 23:52

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At a press conference held by the China Iron and Steel Industry Association on October 24, it was pointed out that the operating income of key steel enterprises in the first three quarters was 4.66 trillion yuan, a year-on-year decrease of 1.74%; the operating cost was 4.39 trillion yuan, a year-on-year decrease of 0.61%; the total profit was 62.1 billion yuan, a year-on-year decrease of 34.11%; and the sales profit rate was 1.33%, a year-on-year decrease of 0.66 percentage points. From the data indicators, the operation of the steel industry in the first three quarters remained stable, mainly manifested in: first, the monthly steel production and consumption fluctuation amplitude was smaller than the previous two years; second, the industry as a whole maintained profits in each month, and the industry profits showed a rising trend since June.

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