Chinese domestic crude steel output reaches 626.654 million tons in 2010
2011-02-25 09:27:03 【Print】
BEIIJING (Asian Metal) 25 Feb 11 – According to latest report of China Iron & Steel Association (CISA) released on 24th February, domestic crude steel output reached 626.654 million tons in 2010, increasing by 9.26% year on year.
Meanwhile, statistics once showed that the domestic crude steel output rose by 25.3% over the same period of 2009 from January to April in 2010. Therein, that reached 55.403 million tons in April, hitting the yearly peak point. Although the output decreased after May, it still maintained at a high level compared with the demand.
In 2010, 77 large and medium-sized enterprises recorded a profit of 89.713 billion Yuan, witnessing a year-on-year increase of 52.02%. However, because of the significant price increase of raw materials, the average profit ratio was only 2.91%, far below that of the whole industry. Therein, the price of domestic iron ore fines rose by 46.44% year on year and that of import iron ore increased by 45.21%. In addition, prices of metallurgical coke and coking coal moved up by 12.12% and 26.44% respectively compared with those of 2009.
Meanwhile, statistics once showed that the domestic crude steel output rose by 25.3% over the same period of 2009 from January to April in 2010. Therein, that reached 55.403 million tons in April, hitting the yearly peak point. Although the output decreased after May, it still maintained at a high level compared with the demand.
In 2010, 77 large and medium-sized enterprises recorded a profit of 89.713 billion Yuan, witnessing a year-on-year increase of 52.02%. However, because of the significant price increase of raw materials, the average profit ratio was only 2.91%, far below that of the whole industry. Therein, the price of domestic iron ore fines rose by 46.44% year on year and that of import iron ore increased by 45.21%. In addition, prices of metallurgical coke and coking coal moved up by 12.12% and 26.44% respectively compared with those of 2009.
