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Steel industry: consumption decreases, output increases, short-term difficult to get rid of "bitter days"

steel industry: consumption decreases, output increases, short-term difficult to get rid of "bitter days"

China Construction machinery information

Economic growth gradually reduces the intensity of steel consumption, but steel output is still growing, and the contradiction between supply and demand is still prominent; Prices have repeatedly hit new lows, the main business of the whole industry is still at a loss, the form of production and operation has deteriorated, and the capital chain is tight... This is the grim reality of China's steel industry in the first half of the year outlined in the information released by the China Iron and steel Industry Association on the 1st

according to the data released by China Iron and Steel Industry Association, the steel consumption intensity gradually decreased. In the first half of the year, the apparent consumption of crude steel nationwide was 376 million tons, with a year-on-year increase of only 0.4%. On the other hand, the output was still growing. In the first half of the year, the output of crude steel, pig iron and steel increased by 2.99%, 0.51% and 6.45% respectively. Among them, the daily output of crude steel reached record highs, reaching 2.31 million tons in June, and the contradiction between supply and demand was further highlighted

as a result, the market prices of relevant steel products have repeatedly hit new lows. Data showed that the domestic steel composite price index was 92.99 points at the end of June, down 5.61% year-on-year and 1.36% month on month. Since July, the market price has continued to fall. In the second week of July, the index fell to 92.32 points, continuing to hit a new low

according to the analysis of zhangchangfu, vice president and Secretary General of China Iron and Steel Industry Association, China's economic restructuring has achieved remarkable results, and the consumption intensity of economic growth on steel will gradually decline. Even if the steady growth policies and measures play a role, the growth rate of steel demand is still limited, and affected by overcapacity, steel output is difficult to fall back greatly. It is expected that crude steel output will increase by about 3% this year, and the contradiction between market supply and demand will be maintained for a long time

one of the highlights of the remaining data free permanent reuse is that steel exports are also "increased in volume and decreased in price": in the first half of the year, 41.01 million tons of steel were exported, with a year-on-year increase of 33.6%, and the average export price was $793/ton, with a year-on-year decrease of $79/ton; On the other hand, imported steel increased by 6.1% year-on-year, with an average import price of $1248/ton, an increase of $50/ton year-on-year, and the price difference with exports expanded to $455/ton

at the same time, all aluminum cars began to face increased friction in steel export trade, facing the pressure of increasing export difficulties. According to Wang Yingsheng, director of the marketing department of China Iron and Steel Industry Association, the micro Vickers hardness test in the first half of this year is also used to test very small or very thin parts. In the year, China's steel exports have seen more than 10 trade frictions, involving the United States, ASEAN and other countries and regions

in such an industry situation, it is difficult for enterprises to get rid of the bitter days of "overcoming difficulties". In the first half of the year, although the cumulative loss of large and medium-sized steel enterprises narrowed, the cumulative loss still reached 28.41%; According to key statistics, the settlement price of steel in iron and steel enterprises fell by 8.79% per ton year-on-year; At the same time, the financial expenses of enterprises have increased too fast, the accounts receivable have increased significantly, and the capital chain is tight

"it will be difficult for enterprises to significantly improve their production and operation." Zhang Changfu said that for some time to come, the steel industry will still face multiple challenges, such as serious overcapacity, insufficient self owned funds, financing difficulties, iron ore controlled by others, increased pressure on environmental protection costs, and the "high cost, low price, low efficiency" industry operation trend will continue

but among them, what is worth enterprises' attention is: 1. The growth rate of automobile production and sales volume with the largest weight in the total industrial volume is picking up; 2. The cumulative order volume of key enterprises in the machinery industry has rebounded. Zhang Changfu reminded that the whole iron and steel industry should have a clear understanding, prevent operational risks, especially strengthen capital management, put capital safety in the first place, and strive not to increase the asset liability ratio. At the same time, we should continue to adhere to the self-discipline requirements of enterprises that do not produce, pay or deliver goods without contracts

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