Core Viewpoint - The Chinese steel industry is experiencing a stable trend with new growth momentum and expanding green characteristics, but it faces challenges such as supply exceeding demand and fluctuating steel prices [1][2]. Production and Consumption - In Q1, the total crude steel production reached 259 million tons, a year-on-year increase of 0.6% - Pig iron production was 216 million tons, up 0.8% year-on-year - Steel output was 359 million tons, a 6.1% increase year-on-year - Apparent crude steel consumption was 230 million tons, down 1.2% year-on-year [1]. Financial Performance - Key member steel enterprises reported total operating revenue of 1,436 billion yuan, a year-on-year decrease of 6.61% - Operating costs were 1,350.5 billion yuan, down 7.73% year-on-year - Total profit reached 21.583 billion yuan, a year-on-year increase of 108% [1]. Environmental Initiatives - As of April 20, 189 steel companies completed or partially completed ultra-low emission transformations, involving crude steel capacity of approximately 59.1 million tons - 141 companies fully completed the transformation, while 47 partially completed it, involving capacity of about 16.9 million tons [2]. Export and Import Dynamics - In Q1, steel exports totaled 27.43 million tons, a year-on-year increase of 6.3% - The average export price was 706 USD per ton, with total export value reaching 19.4 billion USD - Steel imports were 1.55 million tons, down 11.3% year-on-year, resulting in a net export of 2.903 million tons, up 17.9% [2]. Price and Cost Trends - The average value of the China Steel Price Index (CSPI) was 95.59 points, a year-on-year decrease of 13.66% - The average import price of iron ore was 99.1 USD per ton, down 21.3% year-on-year - The procurement cost of imported powder ore decreased by 19.26% year-on-year [2]. Strategic Focus Areas - The steel industry will focus on price management to prevent vicious competition - Emphasis on promoting high-end steel exports and regulating export order - Support for low-carbon technology research and application as part of green transformation efforts - Continued progress on ultra-low emission transformations and energy efficiency improvements [3].
中钢协:持续推动行业运行向稳向好仍需付出艰苦努力
Xin Hua Cai Jing·2025-04-29 13:43