China's iron and steel industry run steadily, moderately and well in 2018

Beijing, Jan. 14, CCTV News (Liu Fei) According to China Voice's "National Broadcasting" report, today (14), the China Iron and Steel Industry Association held a meeting to point out that the operation of China's iron and steel industry in 2018 is stable and good. In 2019, we should continue to guard against the resurgence of production capacity, promote high-quality development, and strive to maintain the smooth operation of the steel industry.

According to the data of China Iron and Steel Industry Association, in the first 11 months of 2018, pig iron, crude steel and steel (including duplicate materials) increased by 2.44%, 6.73% and 8.30% year on year, respectively, and steel production and demand were basically balanced. Yu Yong, president of the China Iron and Steel Industry Association, said that in 2018, the steel industry has achieved a steady and sound development momentum with the continuous promotion of structural reform on the supply side, the strict prohibition of new production capacity and the prevention of the resurgence of "floor steel".

Yu Yong introduced that the imported iron ore market was running smoothly and the benefits of iron and steel enterprises continued to improve. In the first 11 months, member iron and steel enterprises realized sales revenue of 3.76 trillion yuan, an increase of 14.17% over the same period last year. Steel exports have been greatly reduced, but the structure has been continuously optimized. In the first 11 months, China exported 63.78 million tons of steel materials, down 8.60% from the same period last year, but the proportion of high-end products increased, and the export amount increased by 11.2% in the first 10 months of rising export prices.

Nevertheless, Yu Yong also pointed out that there are changes in stability and worries in change. The number of steel exports has declined for three consecutive years, which should arouse the attention of the whole steel industry.

In addition, from the downstream demand, it is expected that steel demand will increase or remain stable in infrastructure construction, shipbuilding, machinery and household appliances industries, and there are uncertainties in the demand of real estate and automobile industries.

Yu Yong proposed that in 2019, the steel industry should continue to deepen the structural reform of the supply side and improve the quality and efficiency of the operation of the steel industry. The focus should be shifted from eliminating excess capacity to preventing the resurgence of defused capacity and strictly preventing the resurgence of "floor steel". Accurately grasp the transformation and upgrading strategy and path to promote high-quality development. Adhere to the concept of green development. Efforts should be made to maintain the smooth operation of the steel industry.