Private steel enterprises' profits in the first three quarters rose by 130%

Private steel enterprises' profits in the first three quarters rose by 130%. Steel mills still have the urge to expand production.

On November 3, the latest data showed that in the first three quarters of this year, 160 private steel enterprises included in the statistics of the All-China Metallurgical Chamber of Commerce achieved a total sales volume of 1.92 trillion yuan, a year-on-year increase of 12%; net profit reached 168.3 billion yuan, a year-on-year increase of 130%. In addition, the asset-liability ratio was 61.33%, 8% year-on-year down.
The release of steel output during the heating season will be reduced this winter, and the supply will not exceed demand, which will help the steel market to run smoothly. For the time being, the positive impact of environmentally-friendly production is greater than the negative impact.

Wanhao is a manufacturer who is specialized in designing various kinds of furnace and making refractory products for electric furnace, ladle, tundish, blast furnace, AOD furnace, IF furnace, etc.

Article Source:EAF gunning mix
Company name:Wanhao Refractory
Email:sales100@wanhaorefractory.com
Website: http://www.wanhaorefractory.com/

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