On January 31, the National Development and Reform Commission announced the operation of the steel industry in 2018.
First, the industry’s production has increased slightly. According to the National Bureau of Statistics, the output of pig iron, crude steel and steel in December 2018 was 63.2 million tons, 76.12 million tons and 93.65 million tons, respectively, up 9.4%, 8.2% and 9.1% respectively. From January to December 2018, the national production of pig iron, crude steel and steel were 771.05 million tons, 928.26 million tons and 1105.52 million tons respectively, up 3.0%, 6.6% and 8.5% respectively.
Second, the product price has rebounded slightly. According to the China Steel Association, the CSPI China Steel Price Index was 107.12 points at the end of December 2018, up 0.73 points, or 0.69%, and down 14.68 points, or 12.05%. From the year-round situation, the average index of CSPI domestic steel prices in 2018 was 114.75 points, up 7.01 points year-on-year, of which 1-10 months were higher than the same period of last year, and the year-on-year decline was sharply in November-December.
Third, the economic benefits continued to improve. From January to December 2018, the employees of China Steel Association realized a total industrial output value of 3.46 trillion yuan, a year-on-year increase of 14.67%; realized sales income of 4.11 trillion yuan, an increase of 13.04%; profit of 286.272 billion yuan, a substantial increase of 41.12%; The asset-liability ratio was 65.02%, down 2.63 percentage points year-on-year.