In 2023, the steel industry saw a significant decline in profits. Hunan Hualing Lianyuan Iron and Steel Co., Ltd. (hereinafter referred to as Lianyuan Iron and Steel) withstood pressure, broke through against the trend, and delivered a remarkable and beautiful transcript:

Recently, the 2023 China 5G+Industrial Internet Conference released the "2023 5G Factory Directory", and Hualing Liangang's 5G+AI factory was listed, making it the only provincial state-owned enterprise selected as a factory. The factory relies on industrial internet platforms to achieve automatic surface quality assessment of steel plates for multiple production lines for the first time in China.

​The institution pointed out that domestic macroeconomic policies continue to provide support, and the expectation of the Federal Reserve's interest rate cut in 2024 is strengthened. Construction steel is expected to warm up in 2024, and the operating rate of steel mills may rebound, forming a certain positive expectation for demand for coking coal. The prices of raw materials such as iron ore and coking coal have stabilized, and with the warming of downstream demand for real estate and infrastructure steel, the profitability of steel is expected to recover.