In the first quarter, the operating income of key steel companies in our country increased by 1.2% year-on-year.

Today, the China Iron and Steel Industry Association released the industry's operating conditions for the first quarter of this year. Data shows that the industry's operation overall has been stable, with a continuous optimization of demand structure. In the first quarter, key steel companies' total operating income reached 1.4895 trillion yuan, a year-on-year increase of 1.2%. The companies' accounts receivable remained stable, their financial situation overall was good, and their operational stability continued to strengthen. Currently, China's steel industry is showing characteristics of infrastructure support and resilience in the manufacturing sector. Infrastructure investment increased by 8.9% year-on-year, providing strong support for steel demand in infrastructure construction. In addition, manufacturing investment increased by 4.1% year-on-year, with industries such as automobiles, ships, household appliances, and equipment manufacturing becoming important pillars of support for steel demand.