Xinhua News Agency, Beijing, August 29 (Reporter Jiang Lin) According to data released by the China Iron and Steel Association on the 29th, in July, the national crude steel output was 2,749,100 tons, down 5.78% from the previous month. The growth rate of steel production dropped significantly, and the price of steel was relatively stable. However, due to the high cost of raw materials, the profitability of steel companies declined.

From January to July, the sales staff of China Steel Association achieved sales income of 2.43 trillion yuan, an increase of 9.75% year-on-year, but the cost of sales increased by 14.4% year-on-year. The total profit reached 123.582 billion yuan, down 23.93% year-on-year. The semi-annual report of the listed companies that have been released recently shows that most steel companies have experienced a decline in performance.

Xinhua News Agency, Beijing, August 29 (Reporter Jiang Lin) According to data released by the China Iron and Steel Association on the 29th, in July, the national crude steel output was 2,749,100 tons, down 5.78% from the previous month. The growth rate of steel production dropped significantly, and the price of steel was relatively stable. However, due to the high cost of raw materials, the profitability of steel companies declined.

From January to July, the sales staff of China Steel Association achieved sales income of 2.43 trillion yuan, an increase of 9.75% year-on-year, but the cost of sales increased by 14.4% year-on-year. The total profit reached 123.582 billion yuan, down 23.93% year-on-year. The semi-annual report of the listed companies that have been released recently shows that most steel companies have experienced a decline in performance.