Steel capacity utilization rate has basically recovered to a reasonable range
A few days ago, the information came from the China Iron and Steel Association: With the continuous advancement of de-capacity work, the contradiction of the overcapacity of China's steel industry was effectively alleviated, and the capacity utilization rate of compliance enterprises basically recovered to a reasonable range. In the first 11 months of last year, China's pig iron, crude steel and steel output reached 656 million tons, 765 million tons and 973 million tons respectively, up 2.32%, 5.74% and 1.1% respectively.
In 2017, China's steel market environment improved significantly, the fair market pricing system was restored, and steel prices rebounded reasonably. By the end of December 2017, China's steel price index reached 121.8 points, up 22.4% year-on-year. At the same time, the company's profitability has increased and the industry's efficiency has improved significantly. In the first 11 months of last year, the China Steel Association members realized a total sales income of 3.35 trillion yuan, an increase of 35.05%; the total profit reached 157.8 billion yuan, an increase of 123.2 billion yuan over the same period of the previous year, the average sales profit rate was 4.7%, compared with In the same period of the year, it increased by 3.23 percentage points. It is worth noting that before November 2017, China's steel exports decreased to 69.83 million tons, down 30.64 percent from the same period last year. However, the amount of exports decreased by only 0.5% compared with the same period last year, the proportion of exports of high-end products increased significantly, and the structure of export products was significantly optimized.
Copyright © Baosteel Special Metals Co., Ltd. (Baowu Group) All Rights Reserved