Ministry of Industry and Information Technology: Operation of Steel Industry from January to November

From January to November, the steel industry as a whole maintained a relatively stable operating trend. The growth of steel production increased from high to low, steel prices fluctuated downward, the industry’s efficiency declined significantly, and steel imports and exports declined. The following characteristics are presented in detail.

1. The growth rate of steel output has slowed down. According to the National Bureau of Statistics, in November, China ’s pig iron, crude steel, and steel output were 64.77 million tons, 80.29 million tons, and 104.02 million tons, respectively, a year-on-year increase of 2.1%, 4.0%, and 10.4%. From January to November, China ’s pig iron , Crude steel, and steel production were 739 million tons, 904 million tons, and 1.105 million tons, respectively, an increase of 5.1%, 7.0%, and 10.0% year-on-year, and an increase of 7.9%, 9.9%, and 11.4% from the first six months. Speed ​​has slowed down.

Second, the price of steel dropped significantly year-on-year. According to the monitoring of the China Iron and Steel Industry Association, the average value of China’s steel price index from January to November this year was 108.5 points, a year-on-year decrease of 6.9%, of which long products fell 5.5%, and sheet materials fell 7.2%. Although this year’s steel price index has fluctuated, it has generally shown a downward trend in shock. At the beginning of May, it reached a high of 113.1 points, and then the shock dropped to a low of 104.3 points during the year at the end of October, with a fluctuation range of 7.8%. The price has recently risen again. As of the end of November, the steel price index was 108.2 points, up 3.7% from the previous month.

3. Iron ore prices have stabilized. In the first half of this year, the iron ore price index rose sharply, reaching a maximum of 426.3 points in the middle of the year, and then fell sharply and gradually stabilized. According to the monitoring of the China Iron and Steel Industry Association, as of the end of November, China’s iron ore price index (CIOPI) was 319.3 points, an increase of 5.1 points month on month and an increase of 1.6%. Among them, the domestic iron ore price index was 320.6 points, a decrease of 10.0 points month on month, or a decrease of 3.0%; the imported iron ore price index was 319.1 points, a month-on-month increase of 8.0 points, or an increase of 2.6%.

Fourth, revenue growth and profit decline. Affected by factors such as rising prices of imported raw materials such as iron ore, increasing environmental protection costs, and falling steel prices, profits in the steel industry have fallen significantly. From January to October, members of the China Iron and Steel Industry Association achieved sales revenue of 3.54 trillion yuan, despite a year-on-year increase of 11.0%, but realized profits of 158.8 billion yuan, a decrease of 34.1% year-on-year; the sales profit margin was 4.5%, a decrease of 3.1 year-on-year. Percentage points.

5. Import and export of steel both declined. In November, China’s steel exports were 4.575 million tons, a year-on-year decrease of 13.6%; from January to November, 59.663 million tons, a year-on-year decrease of 6.5%, and the export value was 49.69 billion US dollars, a year-on-year decrease of 10.7%. In November, China’s steel imports were 1.042 million tons, a year-on-year decrease of 1.4%; from January to November, 10.82 million tons, a year-on-year decrease of 11.0%, and the import value was 12.69 billion US dollars, a year-on-year decrease of 16.6%.

Ministry of Industry and Information Technology: Changes in China’s Iron Ore Imports and Prices in November

In November, the demand for iron ore in China rose, and the price changed from falling to rising and then fluctuated slightly, and the overall level became stable. The specific performance is as follows.

First, iron ore imports and stocks decreased simultaneously. According to data from the General Administration of Customs, China imported 90.65 million tons of iron ore in November, a decrease of 2.21 million tons from the previous month, and a decrease of 2.4% from the previous month. From January to November, China imported 970 million tons of iron ore, a decrease of 0.7% year-on-year. The inventory of imported iron ore ports nationwide was 123 million tons, a decrease of 4.53 million tons month-on-month, or a decrease of 3.53%.

2. China’s iron ore price index rose from falling to rising. At the end of November, China’s iron ore price index (CIOPI) was 319.34 points, an increase of 5.11 points month-on-month, or an increase of 1.63%. Looking at the whole month, the average CIOPI composite index in November was 311.49 points, a decrease of 14.02 points or 4.31% from the previous month. Among them, the average domestic iron ore price index was 323.15 points, a decrease of 2.74% from the previous month; the average value of the imported iron ore price index was 309.29 points, a decrease of 4.61% from the previous month.

3. The prices of imported and domestic iron ore were mixed. According to the monitoring of China Iron and Steel Industry Association, at the end of November, the tax-included price of domestic iron ore was 705.0 yuan / ton, down 22.0 yuan / ton, or 3.0%; the CIF price of imported iron ore was US $ 86.2 / ton, up 2.2 from the previous month. USD / ton, an increase of 2.6%, which is different from the domestic iron ore price trend.

At the end of November, the China Steel Price Index (CSPI) was 108.17 points, an increase of 3.67% from the previous month. However, since December, steel prices have shown a downward trend, and the intensity of iron ore demand will also decline. It is expected that iron ore prices will not continue to rise in the later period, and will continue to fluctuate slightly, and will generally stabilize.


Post time: Dec-20-2019
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