Steel companies' net profit fell sharply in the first half of the year, iron ore price drop is expec
Last year was the "spring" of steel companies, steel prices jumped to a high point, and the company's performance was mostly beautiful. However, in the first half of this year, due to the squeeze of the cost side, the performance of steel companies generally fell. On the evening of August 22, many steel stocks announced a semi-annual report, and the net profit fell by about 40%. The rise in raw material prices and weak downstream demand, coupled with environmental pressures, have made it difficult for steel companies in the first half of the year.
