You are here: Home » News » Industry News » The Market Rate of Steel

The Market Rate of Steel

Views: 0     Author: Site Editor     Publish Time: 2022-08-24      Origin: Site


facebook sharing button
twitter sharing button
line sharing button
wechat sharing button
linkedin sharing button
pinterest sharing button
whatsapp sharing button
sharethis sharing button

Production is at an all-time high

     Between January and June 2022, the national total crude steel production 410 million tons, up 8.5% from a year earlier, the growth rate was increased by 6.5% over the same period last year. The first six months, crude steel output 2.165 million tons, equivalent to an annual output of 786 million tons of crude steel level. Among them, a record high in February of 3.208 million tons, 48 months although have dropped, but still maintain a high level in more than 2.1 million tons. Points provinces, between January and June, hebei, jiangsu provinces crude steel production increased by 6.8% and 15.2% respectively, compared to the two provinces combined new production accounted for 42.4% of the country's 29.94 million tonnes of increment, otherwise and yunnan, henan, shanxi, liaoning province is over 1 million tons. Enterprise type, 1 - June, key large and medium-sized steel enterprises crude steel production growth of 5.5% year-on-year, below the national average increase of 2%, but there are still 62% of the key from the large and medium-sized steel mills to increase production

Steel prices low

    Between January and June 2022, the domestic steel market downturn overall performance. Release sharply as crude steel production capacity, market into a state of imbalance between supply and demand, steel prices on a downward channel, has weak down more than 4 months. As of July 26, 2013, steel price index dropped to 109.48, lower than 6.6 in early.Points. Iron and steel association, eight key statistics early varieties of steel prices all have varying degrees of decline, fell by an average of 5.7%.Points and varieties, the construction of China's steel production is greater wire rod and rebar prices decline 4.9% and 6.7% respectively, hot-rolled coil, plate and plate price declines of 5.9% and 9.7% respectively.

The steel export growth faster

    Domestic steel market supply and demand imbalances to stimulate enterprises to export. Between January and June, China's steel exports 30.69 million tons, up 12.6%; Imported steel 6.93 million tons, down 1.8%, imported 320000 tons of steel billets and steel ingot, an increase of 50%. The bad material or crude steel, accumulative total net exports of 25.06 million tons, up 17.3% from a year earlier, accounted for 6.4% of China's crude steel production. From the export price, export rod wire between January and June average $524.3 / ton, fell 18% year on year; Plank $835.2 / ton, fell 2.8% year on year.

Inventory high steel mills and the society

    The contradiction between supply and demand of the market to spread circulation field, domestic steel inventories continuation of growth. To the history of up to 28.52 million tons, the highest increase over the previous year, 3.51 million tons, including construction steel stock 16.32 million tons, accounting for 63.6% of the total inventory. Later, with seasonal increase in consumption, inventory down gradually, on July 26 to 19.4 million tons. Market oversupply also pushed up steel inventories, key enterprises steel inventory record in mid-march, reached 14.51 million tons, year-on-year growth of 29.7%, in late June fell to 12.68 million tons, is still better than 29 early growth.9%, 12.4% higher than the same period in 2021.

Steel plant profitability decline from month to month

    Metallurgical industry in the first half of 2022, profits of 78.69 billion yuan, up 13.7% from a year earlier, the black metal smelting and rolling processing industry profits of 45.44 billion yuan, up 22.7% from a year earlier. 1 - may focus on large and medium-sized iron and steel enterprises is much less than the industry overall profit level, and the monthly decline, despite the profit growth of 34%, but also only 2.8 billion yuan, return on sales of 0.19%. May that month, 86 key large and medium-sized steel enterprises only profit of 155 million yuan, five consecutive month-on-month decline, including 34 losses, percentage of loss-incurring enterprises as high as 40%

The iron and steel industry of fixed asset investment slowed down

Between January and June 2022, the steel industry investment in the fixed assets of 303.5 billion yuan, with, than the 4.3% growth, black metal smelting and rolling investment of 238.6 billion yuan, up 3.3% from a year earlier, down 6.1% than the same period in 2021; Ferrous metal acquisition investment 67.9 billion yuan, up 7.8% year on year, dropped sharply in the growth rate of 15%.

We have an excellent technical team, we have completed more than 200 projects with partners in more than 100 countries​​​​​​​
Do you want to become our customer?
From 8:00 AM do 6:00 PM.
Copyright © 2022 Shandong Hongqi material Co., LTD | 鲁ICP备2022005674号 | Technology | sitemap