In the first three quarters of this year, China's steel industry saw a significant increase in profits with stable growth in exports and a contraction in imports.

According to the China Iron and Steel Industry Association, in the first three quarters of this year, the profits of China's steel industry have increased significantly, showing a benign operating trend of stable export growth and shrinking imports, with the overall industry operating better than expected. In the first three quarters of this year, the national cumulative crude steel production reached 746 million tons, achieving the crude steel production control target. The cumulative steel exports reached 87.96 million tons, a year-on-year increase of 9.2%, with a total amount of 61.3 billion US dollars, and cumulative imports of steel reached 4.53 million tons, a year-on-year decrease of 12.6%. The total profits of key steel companies reported by the Steel Association reached 96 billion yuan, a year-on-year increase of 1.9 times, with the overall industry operating better than expected and the ability to resist risks continuously improving.