China Iron and Steel Association said on Wednesday that in the future, the market demand for construction steel will be relatively strong, as the construction of affordable housing will start in large scale in the second half of the year, and large-scale water conservancy projects will also be carried out in succession; while raw materials, capital and labor costs will increase, Will have a greater impact on the production and operation of steel enterprises.
A press release published on the CISA website stated that due to slowing growth of shipbuilding, automobiles, construction machinery, etc., "China's structural contradictions in steel products will become more prominent in the future, and the overcapacity of plate and strip and the homogenization of products will become even more competitive." fierce."
The Steel Association also pointed out that the impetus for corporate enthusiasm in July was obviously insufficient. This may be due to the impact of the external environment, as well as rising domestic production costs and capital costs, affecting the enthusiasm of enterprises to expand production.
The steel companies also suffered from pressures on production and capital costs. In the first half of the year, prices of raw materials for steelmaking such as iron ore, coal and coke rose sharply, prices of imported iron ore rose faster, and steel production costs rose sharply. The rise of costs and labor costs has caused the rising costs and costs of steel companies.
Steel Association data show that in the first half of the year, the price of imported iron ore (powder ore) rose the most, reaching 37.4%; domestic iron concentrate prices rose 24.74%; the price of injection coal and scrap steel also increased by more than 20%. Steelmaking pig iron The unit manufacturing cost increased by 22.26% year-on-year.
The Steel Association also said that during the first half of the year, the increase in costs and financial expenses during the period of the company increased year-on-year. In the first half of the year, the financial expenses of large and medium-sized steel companies increased by 33.79% year-on-year, which caused difficulties for the production and operation of enterprises.
In July, the output of crude steel and steel in China was 59.3 million tons and 75.72 million tons, respectively, an increase of 15.5% and 14.9% year-on-year; the average daily production of crude steel and steel was 1.913 million tons and 2.443 million tons, respectively, which was a decrease of 4.2% from the previous month. And 6.9%, domestic resources supply pressure has eased.
China Steel Association estimated earlier that in the first half of August, the average daily output of crude steel in the country slightly increased by 0.35% from the previous month to 1,941,900 tons, which was higher than the average level in July. Analysts also said that the steel mills in some areas are still limited by electricity.
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