China Iron and Steel Association: Steel company profits in the first quarter increased by 1.08 times year-on-year.

The China Iron and Steel Industry Association held a press conference on the 29th. In the first quarter, the total operating income of key member steel companies was 1.436 trillion yuan, a decrease of 6.61% year-on-year; operating costs were 1.3505 trillion yuan, a decrease of 7.73% year-on-year; and the total profit was 21.583 billion yuan, an increase of 1.08 times year-on-year.