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    Home > Chemial News > Valuable News > In October, the output of national steel bars above designated size was 22m

    In October, the output of national steel bars above designated size was 22m

    Echemi 2019-12-10

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    According to the latest data from the National Bureau of statistics, in October 2019, the national industrial enterprises above Designated Size produced 22.067 million tons of steel bars, an increase of 794000 tons on a month on month basis, an increase of 3.7%; an increase of 11.9% on a year-on-year basis. From January to October, the cumulative steel production was 206.955 million tons, up 18.4% year on year. According to this calculation, the daily average production of steel bars in October was 711800 tons, with a growth rate of 0.4% or 2700 tons / day on month. In mid October, the output of thick and wide steel strip was 12.153 million tons, a decrease of 1.014 million tons on a month on month basis, a decrease of 7.7%; a year-on-year increase of 3.3%. The cumulative output from January to October was 126.309 million tons, up 10.1% year on year. In October, the output of wire rod (wire rod) was 13.46 million tons, a decrease of 300000 tons on a month on month basis, a decrease of 2.2%; a year-on-year increase of 0.5%. The cumulative output from January to October was 132.708 million tons, up 10.4% year on year. It is found that since 2019, the monthly average production of steel bars in China has remained at a relatively high level. By June, the average daily production of steel bars had reached 756000 tons, the highest in at least three years. The main reason is that domestic demand remains stable, industrial enterprises have certain profit space, and steel enterprises increase productivity to occupy market share. In August and September, the downstream demand of the steel market was lower than expected. In addition, during the Mid Autumn Festival and the national day, the policy of environmental protection and production restriction was tightened, and the supply side was somewhat compressed. However, this year's environmental protection policy prohibits "one size fits all" policy. For steel enterprises that meet the environmental protection requirements, the production side has little impact, so the daily production of steel bars decreased slightly, which is relatively stable. By the end of October, the demand for infrastructure construction in the lower reaches had increased. Driven by positive news such as the decline of social inventory and the slow recovery of blast furnace operation rate, the main contract of screw steel gradually increased. At the same time, the price of cost end iron ore and coke has declined, the profit space of steel enterprises has increased, and the enthusiasm of steel enterprises has been boosted.

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