We learned from the China Iron and Steel Association that from January to May, the country's crude steel production was 432 million tons, down 1.7% year on year. In terms of profit, there have been positive changes in the steel industry. According to data from the National Bureau of Statistics, from January to May, China's ferrous metal smelting and rolling processing industry achieved a total profit of 31.69 billion yuan, which is better than the profit situation of 29.19 billion yuan for the whole of 2024. Zhang Longqiang, director of the Metallurgical Industry Information Standards Research Institute, said that in the first 5 months of this year, China's steel industry operated smoothly, and economic efficiency improved dramatically, thanks to improvements in supply and demand conditions.

We learned from the China Iron and Steel Association that from January to May, the country's crude steel production was 432 million tons, down 1.7% year on year. In terms of profit, there have been positive changes in the steel industry. According to data from the National Bureau of Statistics, from January to May, China's ferrous metal smelting and rolling processing industry achieved a total profit of 31.69 billion yuan, which is better than the profit situation of 29.19 billion yuan for the whole of 2024. Zhang Longqiang, director of the Metallurgical Industry Information Standards Research Institute, said that in the first 5 months of this year, China's steel industry operated smoothly, and economic efficiency improved dramatically, thanks to improvements in supply and demand conditions.