[Ferro-Alloys.com] 

On January 27, China Iron and Steel Industry Association held the 2020 annual information conference, China Iron and Steel Industry Association Vice President and Secretary General Qu Xiuli introduced the enterprise benefits continue to recover, to achieve a small increase in profits.

According to the preliminary statistics of China Iron and Steel Industry Association, the sales revenue of iron and steel enterprises was 47.033 billion yuan in 2020, an increase of 10.86% over the same period last year; The cost of sales was 42.366 billion yuan, up 11.57% from the same period, the cost increases greater than revenue increases by 0.71 percentage points; achieve profit and tax 308.3 billion yuan, increase 7.00% over the same period last year; The total profit was 207.4 billion yuan, an increase of 6.59% over the same period last year. But from the profit margin, the average sales profit margin was 4.41%, down 0.18 percentage points from the same period last year.