[Ferro-Alloys.com]

  1、 Steel production continued to grow. According to the data of the National Bureau of Statistics, the output of pig iron, crude steel and steel in China from January to November were 812.9 million tons, 961.16 million tons and 1202.03 million tons, respectively, with a year-on-year increase of 4.2%, 5.5% and 7.0%, respectively.

  2、 Steel’s exports fell and its imports continued to grow. According to the data of the General Administration of Customs, from January to November, China exported 48.826 million tons of steel products, a year-on-year decrease of 18.1%, 1.2% lower than that from January to October; from January to November, China imported 18.859 million tons of steel products, a year-on-year increase of 74.3%, 0.4 percentage points higher than that from January to October.

  3、 The price of steel is rising rapidly. According to the data of China Iron and Steel Industry Association, China's steel price index rose to 113.06 at the end of November, up 5.3% month-on-month and 4.5% year-on-year. China's steel price index fell by 4% year on year in November.

  4、 The benefits of enterprises continued to improve. From January to November, according to statistics of China Iron and Steel Industry Association, the sales revenue of iron and steel enterprises was 4.4 trillion yuan, an increase of 8.7% over the same period last year; the profit was 193.4 billion yuan, an increase of 3.2% over the same period last year; the sales profit margin was 4.36%, a decrease of 0.23 % over the same period last year.

  5、 Steel stocks fell sharply. According to the data of China Iron and Steel Industry Association, until the end of November, the social inventory of five kinds of steel products (rebar, wire rod, hot rolled coil, cold rolled coil and medium and heavy plate) in major cities in China was 8.37 million tons, a month-on-month decrease of 25.7%, and a decrease of 58.6% compared with the peak time (early March) this year.

  6、 The price of imported minerals rose sharply. According to the data of the General Administration of Customs, from January to November, China imported 1073.354 million tons of iron ore and concentrate, a year-on-year increase of 10.9%, 0.3% lower than that from January to October. According to the data of China Iron and Steel Industry Association, until the end of November, the price of imported fine ore (62% grade) was 130.06 US dollars / ton, up 43.87 US dollars / ton or 50.9% over the same period of last year.

• [Editor:Catherine Ren]