第1季度重点统计钢铁企业钢材产品营销统计分析显示：销售增幅较产量增幅大1.7个百分点

Production Overview - In Q1, the total crude steel production reached 259 million tons, a year-on-year increase of 0.6%, with a daily production of 2.88 million tons [1] - Steel production totaled 359 million tons, up 6.1% year-on-year, with a daily output of 3.99 million tons [1] - Key enterprises produced 195 million tons of steel, a 5.6% increase year-on-year, and sold 192 million tons, a 7.3% increase [1][4] Monthly Production Data - In March, crude steel production was 92.84 million tons, a 4.6% year-on-year increase, with a daily output of 2.99 million tons [1] - Steel production in March was 134.42 million tons, up 8.3% year-on-year, with a daily output of 4.34 million tons [1] - The production-sales ratio for key enterprises in Q1 was 98.4%, up from 97.0% in January-February [1][4] Product Category Analysis - In Q1, the production shares of major steel categories were: long products (41.7%), flat products (55.5%), and others [2] - Long products saw an 8.2% increase in production, while flat products increased by 3.9% [2][3] - The production of railway steel decreased by 4.0% year-on-year [2][3] Sales Performance - Key enterprises sold 192 million tons of steel in Q1, with a sales increase of 7.3% year-on-year [4][5] - The sales volume of long products increased by 11.5%, while railway steel sales decreased by 5.4% [5][6] - The sales-to-production ratio for key enterprises was 98.4%, indicating strong market demand [4][5] Export and Domestic Sales - In Q1, key enterprises exported 8.77 million tons of steel, a year-on-year increase of 8.7% [8] - Domestic sales accounted for 95.4% of total sales, with a 7.2% increase year-on-year [9] - The main export products were flat products and long products, with significant changes in their respective shares [8] Inventory Levels - As of the end of March, key enterprises had a steel inventory of 19.18 million tons, a decrease of 16.0% year-on-year [14] - The inventory of rebar and wire rod was the highest among various products [14] - Social inventory of five major steel products decreased by 4.5% month-on-month [15] Market Outlook - The steel production is expected to remain high in the short term, driven by infrastructure investment and improved project initiation [17] - The demand for steel is anticipated to continue growing due to favorable economic policies and increased construction activities [17][18] - Companies are advised to adjust their product mix towards high-demand categories, particularly in relation to new energy and smart manufacturing [18]