The Benefits Of Steel Companies Continue To Grow Throughout The Year

The Benefits Of Steel Companies Continue To Grow Throughout The Year

Date:Nov 13, 2018


 According to recent statistics released by the China Iron and Steel Industry association, the economic benefits of steel companies have continued to improve this year.January-September member iron and steel enterprises to achieve sales revenue of 3.06 trillion yuan, an increase of 14.47% yoy;The realization of profit and tax 346.681 billion yuan, an increase of 68.2% yoy;Achieve a total profit of 229.963 billion yuan, an increase of 86.01% year-on-year.At the end of September, the asset-liability ratio of member steelmakers was 66.11%, down 3.91% from a year earlier.


The benefits of steel companies continue to grow throughout the year

The benefits of steel companies continue to grow throughout the year


Statistics also show that, driven by high profits, the production of pig iron, crude steel and steel rose to varying degrees in the first three quarters.


The benefits of steel companies continue to grow throughout the year


November 10 2018 (seventh session) China Iron and steel technology economic high-end forum, China Steel Association vice President Kushuli said that steel prices will continue to show a small fluctuation trend, will not soar.In the four quarters, the efficiency of steel companies will decline, maintaining growth throughout the year.(Source: Shanghai Securities Journal)



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