China Steel Association: steel consumption growth exceeds expected this year

category:Finance
 China Steel Association: steel consumption growth exceeds expected this year


Luo Tiejun said that this years steel consumption growth is unexpected, and this consumption intensity is abnormal. We should be rational and not overly optimistic. We should be relatively cautious in expanding production and ensuring supply.

In addition, as the prices of raw materials for iron and steel production, such as iron ore, coke and scrap steel, have risen significantly and remained at a high level. Although the benefits of the iron and steel industry are better than expected, they are still significantly lower than the average profit margin of the national industrial industry, and the profitability sustainability of the industry is facing a test.