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    China Iron and Steel Association: Four major characteristics of the steel industry in 2016

    发布者:日期:2020-03-07 返回列表

    On January 10, the 2017 Council (Enlargement) Meeting was held. Ma Guoqiang, Chairman of the China Iron and Steel Industry Association, pointed out in the report that the operation of the steel industry in 2016 mainly has the following four characteristics:

    Market demand is slowly picking up, and apparent consumption of crude steel has resumed growth. In 2016, the demand of the steel market showed a slow recovery. In the first 11 months, the country ’s apparent consumption of crude steel was 650 million tons, a year-on-year increase of 1.5%. It is expected that the apparent consumption of crude steel in the whole year will increase slightly from the previous year, which is also the first pick-up after two consecutive years of decline.

    Crude steel output was low before high, and total production increased slightly. In the first 11 months, the national output of pig iron, crude steel, and steel (including repetitive steel) was 640 million tons, 740 million tons, and 1.04 billion tons, respectively, an increase of 0.4%, 1.1%, and 2.4% year-on-year; the average crude steel in the first 11 months The daily output was 2.206 million tons, an increase of 0.8% over the same period last year. Crude steel output showed a low front and then a high back. Crude steel output fell sharply by 5.7% from January to February. The output of the month has continued to increase after March, and the cumulative output turned to increase in September.

    The export of steel products is high and low afterwards, and it is expected to decrease slightly throughout the year. In the first 11 months, the country exported 100 million tons of steel, a year-on-year decrease of 1%; the imported steel was 12.02 million tons, a year-on-year increase of 3.6%; the net export steel was equivalent to 91.96 million tons of crude steel, a year-on-year decrease of 1.7%. The high and low prices of steel exports were mainly due to the rise in domestic steel prices and the protectionism of international trade.

    Affected by multiple factors, steel price volatility has picked up. Since 2016, due to multiple factors such as the improvement of market demand and the historically low level of steel stocks, the fluctuation of steel prices in the domestic market has rebounded. The comprehensive steel price index started to rebound from a historical low of 54.48 in December last year, and reached a maximum of 84.66 at the end of April; it rose to 90.38 at the end of November, a year-on-year increase of 60.85%; it reached 103.4 points in mid-December, an increase of more than 80% . In the first 11 months, the average value of China's steel price index was 72.16 points, an increase of 3.94 points year-on-year, or an increase of 5.78%.


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