The profit of iron and steel enterprises will gradually return to rational interval in 2019

At the 10th China Iron and Steel Logistics Cooperation Forum held on 22 February, experts in the iron and steel industry said that the operating environment of China's iron and steel industry in 2019 was still complex and changeable. Global economic growth has slowed down, and steel exports are unlikely to rebound substantially. The marginal effects of capacity removal and environmental protection are decreasing. Reform results of steady supply side, mergers and reorganizations, energy saving and emission reduction will be effectively promoted, and the profits of iron and steel production enterprises will gradually return to the rational range.

Experts also said that China's economic development has entered a new normal, and the development environment of the iron and steel industry has also undergone tremendous changes. Whether the structural reform of the supply side or the normalization of environmental protection technology upgrading and transformation, all of these bring new opportunities to the development of the steel logistics industry. The change of external political and economic environment also makes the development of the steel industry full of variables. Under such circumstances, whether China's iron and steel industry can adhere to the consistent supply-side structural reform ideas and find new development momentum has become a common problem faced by the industry.