Moody's deputy managing director Pu Gengou said that the main reason for the Asian steel industry outlook is that the profitability of Asian steel companies measured by tons of steel EBITDA has improved significantly since the second half of 2016, and its profitability is expected in the next 12 months. keep it steady. In addition, China to resolve excess steel production capacity and the overall stability of Asian steel demand will be the main factor to promote the profitability of iron and steel enterprises. The stable outlook also reflects the Chinese purchasing managers' index maintained above 50, indicating that China's manufacturing activity has risen slightly as the world's largest steel market.