According to data released by the China Iron and Steel Association on October 31, key steel enterprises recorded cumulative operating revenues of 4.56 trillion yuan in the first three quarters, down 2.36% year-on-year. Total profits reached 96 billion yuan, a 1.9-fold increase compared to the same period last year. The sales profit margin stood at 2.10%, up 1.39 percentage points year-on-year.
As an integrated internet platform providing benchmark prices, on October 31, SunSirs' steel billet benchmark price was RMB 3,070.00/ton, an increase of 0.99% compared to the beginning of the month (RMB 3,040.00/ton).
Application of SunSirs Benchmark Pricing：
Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).
