The economic benefit trend of the steel industry is improving.

According to data released by the China Iron and Steel Association (hereinafter referred to as the China Iron and Steel Association), in the first quarter, the operating income of the iron and steel enterprises of the China Iron and Steel Association was 1541.7 billion yuan, a year-on-year increase of 52.28%; profits and taxes reached 100.4 billion yuan, an increase of 159.94%; Yuan, a year-on-year increase of 247.44%. The economic efficiency of the iron and steel industry has maintained growth, and loss-making enterprises have decreased significantly. The sales profit margin of China Steel Association's iron and steel enterprises was 4.76%, an increase of 2.67 percentage points year-on-year; the loss side was 13.64%, a year-on-year decrease of 13.63 percentage points.

Domestic downstream industries continue to recover, and steel consumption is relatively vigorous. In the first quarter, the actual steel consumption of the main steel industry increased by 47%, of which the construction industry increased by 49% and the manufacturing industry increased by 44%; my country's apparent consumption of crude steel was 258.96 million tons, a year-on-year increase of 15.3%.

Overseas steel demand has gradually improved, and my country's steel exports have clearly recovered. According to statistics released by the General Administration of Customs, in the first quarter, the country exported 17.682 million tons of steel, a year-on-year increase of 23.8%; imported steel products were 3.718 million tons, a year-on-year increase of 17%. my country imported 283 million tons of iron ore, a year-on-year increase of 8%, and the average import price was US$150.79/ton, a year-on-year increase of 64.51%.