Profit of Iron and Steel Industry improved in the first four months of 2019

According to a recent report on the website of the Ministry of Industry and Information Technology, in the first four months of 2019, the benefits of China's iron and steel industry improved from the beginning of the year.

According to the data of the National Bureau of Statistics, in January-April 2019, the profit of the iron and steel industry was 77.450 billion yuan, down 28.1% from the same period last year, which was 16.4 percentage points narrower than that of the first quarter. In April, the profit was 35.9 billion yuan, up 67.71% annually and 14.70% year-on-year.

According to the statistics of China Iron and Steel Industry Association, the profits of key large and medium-sized iron and steel enterprises in China from January to April were 60.7 billion yuan, down 19.38% from the same period last year, of which profits in April were 23 billion yuan, up 36.21% annually. At present, the benefit of iron and steel industry is better than that at the beginning of the year.