On July 27th, the National Bureau of Statistic released financial data for industrial enterprises in the first half of this year, in which the profit of the steel industry fell by 21.8%.
In the first six months, the total profit of the steel industry was 143.49 billion yuan, a decrease of 40 billion yuan over the same period last year. In the same period, the operating income of the steel industry was 3.47 trillion yuan, an increase of 9.1% year-on-year; the operating cost was 3.18 trillion yuan, a year-on-year increase of 12%.
It can be seen that the main reason for the decline of steel industry profits is the substantial increase in costs.
(To contact the reporter on this story: leo.ji@steelhome.cn or 86-555-2238932) |
