According to data from the National Bureau of Statistics, China's crude steel production in May 2024 was 92.86 million tons, a year-on-year increase of 2.7%; The steel production was 122.7 million tons, a year-on-year increase of 3.4%. However, with the narrowing of profit margins, some steel companies have begun to adjust their production plans, and the production of molten iron has peaked and rebounded.