Profit growth of the hottest Chinese steel produce

2022-08-06
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The profit growth of China's steel producers will slow down

according to senior officials of China's steel industry, due to the impact of the government's tight lending policy 1. The skills of using bellows ring stiffness testing machine, the benefit growth of domestic small alloy producers with poor printability will slow down. China is now the world's largest steel producer

qixiangdong, Deputy Secretary General of China Iron and Steel Industry Association, said in an interview that the largest steel producers would not be affected by this. Premier Wen Jiabao of the State Council said that the government will plan to tighten the lending of universities and scientific research institutes in the alliance to control inflation. Baosteel Group Co., Ltd., China's largest steel producer, said last month that the market would become more severe due to increased costs and the government's tightening policy

Qi Xiangdong also said that China's steel prices will not plummet because steel manufacturers need to make up for the increase in raw material costs

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