Steel industry operation

- Sep 29, 2017 -

(A) the highest level of production history. From January to June 2013, the country produced 390 million tons of crude steel, an increase of 7.4%, an increase of 5.6 percentage points over the same period last year. The first 6 months, crude steel daily production of 2.154 million tons, equivalent to an annual output of 786 million tons of crude steel level. Among them, in February reached a record high of 220.8 million tons, 3 - June although the fall, but still maintained at a relatively high level of 2.1 million tons. According to the provinces and autonomous regions, the output of crude steel in Hebei and Jiangsu provinces increased by 6.8% and 13.2% respectively from January to June respectively. The total output of the two provinces accounted for 42.4% of the annual increase of 26.94 million tons, Henan and Yunnan provinces are also more than 1 million tons. According to the type of business, from January to June, the production of crude steel in key large and medium-sized iron and steel enterprises increased by 5.5%, lower than the national average of 2 percentage points, but there are still 60% of the output from the focus of large and medium-sized iron and steel enterprises.

(B) the low price of steel to run. January to June 2013, the overall performance of the domestic steel market downturn. With the substantial release of crude steel production capacity, market supply and demand into an unbalanced state, steel prices into the decline in the channel, has been weak down more than four months. As of July 26, the steel price index fell to 100.48 points, lower than the beginning of 6.6 points. Iron and Steel Industry Association, the key statistics of the eight varieties of steel prices than the beginning of the year there are different degrees of decline, an average decline of 5.7%. In terms of varieties, the price of steel for construction steel, which accounted for the larger proportion of steel production in China, reached 4.9% and 6.7% respectively, and the price of plate and hot rolled coil fell by 5.7% and 9.7% respectively.

Related Industry Knowledge