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On January 8, Qu Xiuli, vice president and secretary-general of the China Iron and Steel Industry Association, said at an industry meeting that the pace of mergers and reorganizations in the steel industry will accelerate, and the industry concentration is expected to further increase. “Since 2022, affected by the decline in output and prices, the sharp rise in energy prices, and the high base in 2021, the economic benefits of steel companies have declined year-on-year.” Qu Xiuli said, but at the same time, steel companies’ inventories and finished products occupy funds It is declining, accounts receivable have increased slightly, and the debt structure is also being optimized. According to Qu Xiuli, there will be significant differences in the sales profit rate and debt ratio of steel enterprises from January to November 2022, and there will also be significant differences in the ability of enterprises to resist risks. (Beijing News)
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- Qu Xiuli: The differentiation among steel enterprises is obvious, and the pace of mergers and reorganizations will be accelerated2023-01-08
- Zhejiang Province: Promote the merger and reorganization of iron and steel enterprises, and reduce the number of iron and steel smelting enterprises to about 102023-01-06
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