Core Viewpoint - The steel industry in China has experienced a reduction in production and a reasonable recovery in profits in the first half of the year, driven by national policy adjustments and industry self-discipline [1][2]. Production and Inventory - In the first half of the year, China's crude steel production was 515 million tons, a year-on-year decrease of 3% [1]. - The average month-end steel inventory for key statistical steel enterprises was 18.91 million tons, the lowest level in nearly four years [1]. Export Performance - Steel exports reached 58.15 million tons, a year-on-year increase of 9.2%, while the export value was $40.66 billion, a decrease of 2% [1][2]. - The average export price was $699.3 per ton, down 10.3% year-on-year [1]. Financial Performance - The operating revenue of key statistical steel enterprises was 2.9985 trillion yuan, a year-on-year decrease of 5.79%, while total profits reached 59.2 billion yuan, a year-on-year increase of 63.26% [2]. - The average profit margin was 1.97%, an increase of 0.83% year-on-year [2]. Environmental and Energy Investment - Investment in energy conservation and environmental protection accounted for 28.9% of total investment, an increase of 4.3% year-on-year [2]. - Total energy consumption decreased by 1.5% year-on-year, indicating continuous improvement in environmental indicators [2]. Challenges and Future Outlook - The steel industry faces challenges from both domestic and international markets, including weak global economic growth and reduced demand for construction steel in China [2][3]. - The industry must focus on self-discipline in production, technological innovation, and participation in carbon markets to promote green transformation and maintain stable operations in the second half of the year [3].
中钢协:上半年钢铁行业运行好于预期 下半年仍需整治内卷控产量
Xin Hua Cai Jing·2025-07-30 07:30