Core Insights - The steel industry in China experienced a total profit increase of 63.26% year-on-year in the first half of the year, indicating better-than-expected overall performance [1] Industry Performance - The national crude steel production reached 515 million tons, reflecting a 3.0% year-on-year decline, which aligns with national industrial regulation policies [1] - The total profit of key steel enterprises, as reported by the China Iron and Steel Association, amounted to 59.2 billion yuan, marking a 63.26% increase compared to the previous year [1] Factors Influencing Performance - The increase in profits is attributed to effective production control measures implemented by the government to achieve a dynamic balance between supply and demand [1] - Major steel enterprises with production capacities exceeding 10 million tons saw a 3.7% year-on-year decrease in crude steel output, contributing to low inventory levels, basic supply-demand balance, and relatively stable steel prices [1] - There was a decline in demand for raw materials, leading to a downward shift in cost pressures [1]
上半年钢铁行业利润总额同比增长63.26%
Yang Shi Wang·2025-08-07 09:09