In the first three quarters, China's crude steel output was 748 million tons

In the first three quarters, with the promotion of various measures to stabilize growth, major projects in various regions started one after another, creating a better market environment for the steel industry, and the steel enterprises achieved stable production and increase production. In the first three quarters, China's crude steel output was 748 million tons, an increase of 8.4% year-on-year; the steel output (including repetitive materials) was 909 million tons, an increase of 10.6% year-on-year. The price of domestic iron concentrate, imported iron ore, scrap steel, coking coal and other main raw materials has increased since this year, while the output and demand of iron and steel have maintained a certain growth. The manufacturing cost of iron and steel industry has increased significantly, and the benefits of iron and steel enterprises have declined. From January to September, the sales revenue of the member enterprises of CISA was 3.18 trillion yuan, an increase of 11.6% year on year; the sales profit margin was 4.6%, a decrease of 3 percentage points over the same period of last year.