Hangzhou FAMOUS Steel Engineering Co.,Ltd. 

------------------A Company of KNSN Group

USA-EUROPE Standard Engineering and Quality Control Build Our Brand Reliability!  One Trial Order Bring Constant Cooperation!

 

Home News

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

China FAMOUS Steel Engineering Company certification
China FAMOUS Steel Engineering Company certification
Good team members always offer budget in time and answer questions with patience, great job!

—— Donald Mcwayne

I am feeling fully respected when taking with Grace and she always gave the best advice. The first batch of the bridge panels got are great too. thanks all.

—— Joseph Alexander

I'm Online Chat Now
Company News
Ministry of Industry and Information Technology: Operation of Steel Industry from January to November
Latest company news about 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. The highest point reached 113.1 points in early May, and then the shock dropped to the lowest point of the year at the end of October, which was 104.3 points, 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%.

Pub Time : 2019-12-20 16:58:12 >> News list
Contact Details
FAMOUS Steel Engineering Company

Contact Person: Mr. Tomy.GAO

Tel: 86-571-87688170

Fax: 86-571-56389287

Send your inquiry directly to us (0 / 3000)