NDRC releases operation report of steel industry in Jan-May
2021-07-02 15:59:48 [Print]
On June 30, the National Development and Reform Commission (NDRC) announced the operation situation of the steel industry from January to May 2021 as follows:
Firstly, iron and steel production increased. According to the National Bureau of Statistics, China's output of pig iron and crude steel from January to May was 379.9 million tons and 473.1 million tons, up 5.4% and 13.9% year on year respectively.
Secondly, the steel imports and exports increased greatly. From January to May, China exported 30.92 million tons of steel, up by 23.7% year on year, and the steel imports totaled 6.1 million tons, up by 11.6% year on year, according to the General Administration of Customs.
Thirdly, steel prices showed downtrend from the previous uptrend. According to China Iron and Steel Association, China's steel composite price index surged to 174.81 points on May 14, reaching a record high. Then in late May, steel prices fell. By the end of May, China's steel composite price index was 144.07 points, down by 3.23% from April.
Fourthly, steel inventory decreased slightly. In late May, the steel inventory of steel enterprises investigated by China Iron and Steel Association was 13.406 million tons, 0.78 million tons or 0.06% less than that in late April. The inventory increased by 1.785 million tons or 15.4% over that early this year and rose by 120,000 tons or 0.9% compared with the same period last year.
Firstly, iron and steel production increased. According to the National Bureau of Statistics, China's output of pig iron and crude steel from January to May was 379.9 million tons and 473.1 million tons, up 5.4% and 13.9% year on year respectively.
Secondly, the steel imports and exports increased greatly. From January to May, China exported 30.92 million tons of steel, up by 23.7% year on year, and the steel imports totaled 6.1 million tons, up by 11.6% year on year, according to the General Administration of Customs.
Thirdly, steel prices showed downtrend from the previous uptrend. According to China Iron and Steel Association, China's steel composite price index surged to 174.81 points on May 14, reaching a record high. Then in late May, steel prices fell. By the end of May, China's steel composite price index was 144.07 points, down by 3.23% from April.
Fourthly, steel inventory decreased slightly. In late May, the steel inventory of steel enterprises investigated by China Iron and Steel Association was 13.406 million tons, 0.78 million tons or 0.06% less than that in late April. The inventory increased by 1.785 million tons or 15.4% over that early this year and rose by 120,000 tons or 0.9% compared with the same period last year.
