In the first half of the year, the profit of the steel industry increased by more than 1.5 times

Xinhua News Agency, Beijing, July 25 (Reporter Jiang Lin) According to data released by China Iron and Steel Association on the 25th, in the first half of the year, about 380 major steel companies in China achieved sales revenue of 1.97 trillion yuan, a year-on-year increase of 15.33%; realized profit of 1392.73 100 million yuan, an increase of 151.15%.

As the benefits improve, the company's asset-liability ratio continues to decline. According to the statistics of the association, at the end of June, the asset-liability ratio of iron and steel enterprises fell to 67.3%, down 3.97 percentage points year-on-year. However, the burden on enterprises is still relatively heavy, and all expenses are on the rise. In the first half of the year, the expenditures of 380 member companies increased by 11.7%.

“In the first half of the year, the operation of the steel industry has maintained a steady state that has not existed for many years. However, the increase of uncertainties in the second half of the year, especially the international trade friction, the suspension of production in the heating season and the fluctuation of fuel prices will bring new challenges.” Steel Association Chief Yu Yong said that China's crude steel output reached a record high in June, and if it maintains such high output in the second half of the year, it will further increase the pressure and risk of the steel market.

He believes that the national economy will continue to maintain overall demand for steel. However, with the continuous adjustment of the economic structure, investment has shifted from “Tiegongji” to strategic emerging industries and high-tech industries. The traditional steel industry has increased demand for steel products, and has turned to quality and quality improvement. Higher requirements were put forward.

"Enterprises should combine their own characteristics, study the transformation and upgrading strategies and paths, and promote the transformation of enterprises to high-quality development." Yu Yong said.

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