The average daily output of crude steel in China fell by 2.08% in March.
December 09 20:10:16, 2018
Recently, China Iron and Steel Industry Association released the national crude steel production statistics report for March. The content shows that the average daily output of crude steel in March was 1,913,700 tons, down 1.33% from the 1,395,500 tons in February. The average daily output of crude steel in 76 key steel enterprises in March was 1,161,300 tons, compared with that in February. 16.45 million tons decreased by 2.08%. Among them, the average daily output of crude steel in the second half of March reached 1,922,200 tons, down by 1.16% from 1,944,800 tons in mid-March; and the average daily output of crude steel in 76 key steel enterprises in the second half of March was 1,161,600 tons, 3 The monthly output of 1,246,700 tons decreased by 0.62%. By the end of the year, the inventory of steel products of 76 key steel enterprises (4837, -77.00, -1.57%) was 8.93 million tons, down 6.67% from 9.57 million tons in mid-March. The stock at the end of the period was equivalent to 5.77 days per day, compared with March. Mid-term 6.29 days decreased by 0.52 days or 8.29%. In this regard, Qiu Yuecheng, a senior researcher from the national price monitoring unit, "Xiben Shinkansen", told this reporter that the domestic crude steel output fell slightly in March, mainly because of the domestic steel price from mid-February to mid-March. Continued decline, the price of carbon billet in Tangshan area once fell to 4120 yuan / ton, some steel mills reduced production due to losses; on the other hand, some steel mills were scheduled to be delayed in March and February to March, Angang, Steel mills such as Benxi Steel, Tiantie and Panzhihua Iron and Steel Co., Ltd. arranged equipment maintenance in March, which affected the release of some steel production capacity. At the same time, customs statistics show that China exported 4.91 million tons of steel in March, an increase of 47.5% year-on-year, the highest level since July 2010. Taking into account the sharp export situation last month, Qiu Yuecheng predicted that although the crude steel output growth slowed slightly in March, the net export volume increased sharply, and the supply pressure of short-term domestic crude steel market resources may be reduced. The domestic steel market inventory has also declined for five consecutive weeks, and the current steel price trend will certainly form a certain positive. It is understood that the imported steel in March was 1.53 million tons, down 5.9% year-on-year; the imported steel billet was 70,000 tons, down 10,000 tons year-on-year, and the export billet was 0. If we convert steel into crude steel, China's net export of crude steel in March was 3.53 million tons, an increase of 1.79 million tons, an increase of 103.4%, an increase of 2.01 million tons from the previous month, and an average daily growth of 110.3%. Â
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