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The operation of the steel industry


Operation of the steel industry from January to October 2020

1. Steel output maintained growth. In October, the output of pig iron, crude steel and steel was 76.17 million tons, 92.2 million tons and 11.48 million tons, respectively, up 9.4 percent, 12.7 percent and 14.2 percent year-on-year. From January to October, the output of pig iron, crude steel and steel stood at 740 million tons, 870 million tons and 1.08 million tons, respectively, up 4.3 percent, 5.5 percent and 6.5 percent year-on-year.

2. Economic performance continues to improve. In October, China Iron and Steel Association statistics that steel enterprises achieved sales revenue of 430.7 billion yuan, up 22.7% year on year; The profit reached 20.65 billion yuan, up 67.6% year on year. From January to October, China Iron and Steel Association statistics that steel enterprises achieved sales revenue of 3.8 trillion yuan, a year-on-year growth of 7.2%; The profit was 158.5 billion yuan, down 4.5% year on year and 4.9 percentage points narrower than that in the January-September period.

3. Steel imports continued to grow. According to the General Administration of Customs data, in October, the country imported 1.932 million tons of steel, up 87.6% year on year; Exports of steel reached 4.039 million tons, down 15.5 percent year on year. From January to October, China imported 17.05 million tons of steel, up 73.9% year on year, 1.7 percentage points higher than the growth rate from January to September; China's total steel exports of 44.425 million tons, down 19.3% year on year, the decline from January to September narrowed by 0.3 percentage points.

Four, steel prices are rising steadily. According to the China Iron and Steel Association, the average value of China's steel price index was 107.01 points in October, up 0.3% month-on-month and down 1.05% year on year. From January to October, the average value of China's steel price index was 102.93 points, down 4.83% year on year and 0.83% narrower than last month.

5. High fluctuation of iron ore prices. In October, iron ore imports were 107 million tons, down 1.7 percent from the previous month and up 14.9 percent year on year. The average import price was $119.8 / ton, up 8.2% month-on-month and 27.6% year-on-year. From January to October, the cumulative import of iron ore was 975 million tons, up 11.2% year on year. The average import price was $97.84 per ton, up 2% year on year.

6. Steel inventories continue to decline. According to the statistics of China Iron and Steel Association, by the end of October, the social stock of five kinds of steel (rebar, wire, hot rolled sheet, cold rolled sheet, medium plate) in the country's main steel market was 11.27 million tons, down 7.8% month on month and 44.2% compared with the peak in early March this year.

Keywords: Jiuhuayang Mechanical Equipment

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The operation of the steel industry

Steel output maintained growth. In October, the output of pig iron, crude steel and steel was 76.17 million tons, 92.2 million tons and 11.48 million tons, respectively, up 9.4 percent, 12.7 percent and 14.2 percent year-on-year. From January to October, the output of pig iron, crude steel and steel stood at 740 million tons, 870 million tons and 1.08 million tons, respectively, up 4.3 percent, 5.5 percent and 6.5 percent year-on-year.


What are the classifications of the steel industry

The main raw materials of iron and steel production include iron ore, manganese ore, chromium ore, limestone, refractory clay, dolomite, siderite and other minerals of raw ore and finished ore, artificial block ore, iron alloy, coal washing, coke, gas and coal chemical products, refractory products, carbon products, etc.


Trends in the steel industry

Output reached a record high level. From January to June 2013, China produced 390 million tons of crude steel, up 7.4% year on year and 5.6 percentage points higher than the same period last year. In the first six months, the average daily crude steel output was 2.154 million tons, equivalent to the annual crude steel output of 786 million tons. Among them, February reached a record high of 2.208 million tons, March to June although there was a decline, but still maintained at a high level of more than 2.1 million tons. From January to June, the crude steel output of Hebei and Jiangsu increased by 6.8% and 13.2% year on year, respectively. The new output of the two provinces accounted for 42.4% of the total increase of 26.94 million tons in China, and Shanxi, Liaoning, Henan and Yunnan provinces also increased by more than 1 million tons. From January to June, crude steel output of large and medium-sized steel enterprises increased by 5.5% year on year, 2 percentage points lower than the national average, but still accounted for 60% of the increase.


Steel industry development analysis

From January to September 2013, large and medium-sized steel enterprises achieved cumulative sales revenue decreased by 6.49% compared with the same period last year, according to a steel industry operation report released by the China Iron and Steel Association on Wednesday. The loss of loss-making enterprises reached 26.726 billion yuan, an increase of 41.5 times year-on-year, or 45%. Losses in the steel industry continue to intensify.


Status quo of iron and steel industry

The iron and steel industry is an industrial industry mainly engaged in ferrous mineral mining, ferrous metal smelting and processing and other industrial production activities, including the mineral mining industry of ferrous iron, chromium, manganese, iron, steel, steel processing industry, iron alloy smelting, steel wire and products industry and other subdivisions, is one of the important raw material industries of the country. In addition, since steel production also involves non-metallic mineral extraction and products and other industrial categories, such as coking, refractories, carbon products, etc., these industrial categories are usually included in the steel industry.