According to data from the China Iron and Steel Association, in the first half of this year, the national steel industry only gained 2.385 billion yuan in profits, a year-on-year decrease of 95.81%, and the company's loss reached 33.75%.

All of us therefore all talked about the fact that China's steel industry has encountered difficulties for many years and is very dangerous. However, Xiaobian thinks that this is a good opportunity for the upgrading of the Chinese steel industry. This steel crisis has further tested the true strength of all Chinese steel companies. Although some small and medium-sized steel enterprises will face the risk of suspension of production due to their weakness, in the long run, they are a cruel reality case of "survival of the fittest." Only stronger, more standardized management companies will be the trend of the future.

Therefore, this is not a simple crisis event, but an opportunity for the upgrading of Chinese steel enterprises.