Lates News

The research report of CITIC Securities pointed out that China's steel industry has a strong global competitiveness but weak profitability, and is expected to become a focus industry in this round of "anti internal competition". The recent issuance of the Ministry of Industry and Information Technology's work plan for stabilizing growth in the steel industry once again emphasized "continuing to implement production reduction policies". It is expected that production restrictions in the steel industry may accelerate and intensify in September. With the deepening implementation of production restrictions, the industry is about to enter a performance cycle focused on profit.