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The steel industry faces the dual pressure of cost and transformation

The steel industry faces the dual pressure of cost and transformation

The steel industry faces the dual pressure of cost and transformation

ذریعہ: China economic times

حال ہی میں, the China iron and steel association released the operation of the steel industry in january-july, data show that in July, the growth rate of steel production slowed down significantly, steel prices are relatively stable, due to high raw material costs, steel enterprises benefit has declined.Experts believe that steel enterprises facing rising costs and upgrading the dual pressure.

Crude steel production quarter – پر – quarter reduction import iron ore increased significantly

جولائی میں, China produced 68.31 million tons of pig iron, 1.83 million tons less than the previous month; 85.22 million tons of crude steel, 2.31 million tons less than the previous month; اور 105.82 سٹیل کی ملین ٹن, 1.28 million tons less than the previous month.The daily output of crude steel in China was 2.7491 ملین ٹن, نیچے 168,600 tons or 5.78% from June.

From January to July, China produced 473 million tons of pig iron, a year-on-year growth of 6.74%, the production of raw steel 577 ملین ٹن, a year-on-year growth of 9%, the production of steel 698 ملین ٹن, a year-on-year growth of 11.23%, compared with the growth of January to June.Among them, the crude steel production of member enterprises increased by 5.38% year-on-year, and the crude steel production of non-member enterprises increased by 20.9%.The output growth rate of non-member enterprises is much higher than that of member enterprises.

In terms of import and export, from January to July, چین میں برآمد 39.97 سٹیل کی ملین ٹن, نیچے 2.9 percent year-on-year.Among them, 5.57 million tons of steel were exported in July, اپ 4.9 percent month-on-month.From January to July, چین سے درآمد 6.664 سٹیل کی ملین ٹن, نیچے 13.4% year-on-year.Among them, the import of steel in July was 842,000 ٹن, نیچے 10.9% month-on-month.The net export of steel in July was 4.728 ملین ٹن, up by 367,000 tons or 8.42%.From January to July, the cumulative net export of steel was 33.305 ملین ٹن, which was 180,000 tons lower than the same period last year, نیچے 0.54%.

From January to July, چین سے درآمد 590 million tons of iron ore, نیچے 4.9% year-on-year, among which 91.01 million tons were imported in July, اپ 15.83 million tons or 21.06% month-on-month.At the end of July, the inventory of imported iron ore ports increased to 116.42 ملین ٹن, اپ 770,000 tons or 0.7%.

چین سے درآمد 91.017 million tons of iron ore in July, اپ 1.2 percent from a year earlier and 21 percent from June, according to the general administration of customs.Industry analysts said this is due to Australia and Brazil’s iron ore shipments to China is gradually recovering.In addition, shipments of iron ore from Brazil to China in June were delayed until July, triggering a one-month rebound in import growth.

Steel prices are relatively stable year-on-year decline

At the end of July, the China steel price index (CSPI) تھا 109.50 پوائنٹس, اپ 0.05% month-on-month, with the long material index down 0.08% and the board index up 0.01%.From the variety, the cold rolled sheet price performance is stable, in other varieties of prices have declined to maintain the fluctuation of the trend.From January to July, the CSPI composite index averaged 109.48 پوائنٹس, نیچے 4.54 points or 3.98% year-on-year.The July average was 109.90, اپ 0.91 points or 0.83% from the previous month.

جولائی میں, the CRU international steel composite price index was 160 پوائنٹس, نیچے 1.8 پوائنٹس, یا 1.1%, which continued to decline month-on-month.That was down 35.3 پوائنٹس, یا 18.1%, from a year earlier.Among them, CRU longwood index was 177.6 پوائنٹس, نیچے 2.1 پوائنٹس, یا 1.2%;The CRU board index was 151.2 پوائنٹس, نیچے 1.7 پوائنٹس, یا 1.1%, which was 5.5 percentage points narrower than that in June.Compared with the same period last year, the CRU long material index fell 19.5 پوائنٹس, or 9.9%.CRU board index dropped 43.2 پوائنٹس, کی کمی 22.2%.

In terms of sales, from January to July, member steel enterprises achieved sales revenue of 2.43 trillion yuan, اپ 9.75% year-on-year;The cost of sales was 2.17 trillion yuan, اپ 14.4% سالہا سال. The increase of cost was larger than the increase of revenue.Total profit reached 123.582 billion yuan, نیچے 23.93% year-on-year;Sales profit margin 5.09%, نیچے 2.25 percentage points year-on-year.Cisa believes that the sharp decline in profits is mainly due to the rise in raw fuel prices.From January to July, the purchasing cost of domestic iron ore increased by 19.88% year-on-year, imported ore by 29.13% and scrap steel by 10.03%.At the end of July, the asset-liability ratio was 63.95%, نیچے 1.41 percentage points year-on-year.

Experts believe that steel enterprises facing rising costs and upgrading the dual pressure.At present, the operating cost of steel related enterprises mainly includes labor cost, fuel material cost and logistics cost.As the demographic dividend disappears, so does the labor cost advantage.Due to the bulk of raw materials in commodities, negotiations are difficult;In order to reduce the comprehensive cost, it is necessary to improve the operation efficiency.

In the view of experts, China’s iron and steel industry urgently needs to improve the ability to negotiate iron ore prices, and is also facing the pressure of transformation and upgrading, so smart and big data will become one of the key development directions in the future.

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