In January-February, the country's crude steel output was 167.96 million tons, up 1.6% year-on-year, while steel production was 213.43 million tons, up 7.9% year-on-year.
In February, the steel production of key steel enterprises included in the monthly marketing report was 60.38 million tons, a year-on-year decline of 4.8%. from January to February, the steel production of key enterprises was 123.24 million tons, a year-on-year decrease of 0.2%. The steel production level of key enterprises is obviously lower than the national level.
In February, the key enterprises' steel sales volume of 53.43 million tons, down 14.6% year-on-year, production and sales rate slipped to 88.5%. By the Spring Festival holiday and market demand is not enough and other factors, the key enterprise production intensity was reduced, while the downstream demand started delayed, poor enterprise sales, production and sales rate slipped to a recent low, and enterprise inventories climbed sharply.
Steel product restructuring of key enterprises continues to advance
In February, the key enterprises' steel production of 60.38 million tons, a year-on-year decrease of 3.05 million tons, down 4.8%. Among them, rebar production decreased by 2.16 million tons year-on-year, down 16%; wire rod production decreased by 1.47 million tons, down 18%, the construction material production fell more significantly. Plate, cold rolled thin and wide steel strip production increased by 500,000 tons, 410,000 tons, an increase of 12.6%, 9.6%, manufacturing and processing material production growth. With the economic transformation, the market demand structure gradually transformed, and key enterprises continue to promote the structural adjustment of steel products.
Weak demand for long steel continues to gain momentum
In February, the key enterprise steel sales of 53.43 million tons, of which the plate and strip, long steel, pipe, railroad steel, and other steel accounted for 61.39%, 35.83%, 1.63%, 0.59%, 0.55%. The share of plate and strip rose to over 60%, and the share of long steel fell to below 40%.
In February, the key enterprises in the sales of varieties of hot-rolled steel coil (hot-rolled thin plate, medium-thick and wide steel strip, hot-rolled thin and wide steel strip, hot-rolled narrow steel strip, the same below) accounted for 32.8%, wire rod (rebar, coiled bar, the same below) accounted for 26.4%, medium and thick plate (extra-thick plate, thick plate, medium plate, the same below) accounted for 14.2%. Plate and strip share than in January continued to rise.
From the varieties segmentation ring, in February, medium-thickness wide steel strip accounted for 1.6 percentage points higher than the ring; steel bars fell 1 percentage point; coils fell 2.4 percentage points; plate rose 0.9 percentage points; cold-rolled thin wide steel strip rose 0.7 percentage points.
More than half of welded pipe sales are outside sales
In February, key enterprises exported 2.64 million tons of steel, with an export ratio of about 4.95%. Among them, plate and strip, long steel, pipe, railway steel, and other steel exports 1.825 million tons, 572,000 tons, 160,000 tons, 25,000 tons, 60,000 tons, accounting for 69.05%, 21.65%, 6.07%, 0.96, 2.27%.
In February, the key enterprise steel exports higher varieties of hot rolled coil, plate and section steel products, exports were 930,000 tons, 357,000 tons, and 340,000 tons, accounting for 5.3%, 4.7%, and 6.8% of their respective sales.
From the comparison of export structure, in February, the key enterprises of hot rolled steel coil, plate, section steel, and wire rod exports accounted for higher than the national level.
From January to February, key enterprises exported a total of 5.33 million tons, an increase of 818,000 tons, up 18.1%. The varieties with larger export growth are hot rolled coil, with a cumulative export of 1.828 million tons, an increase of 81.6% year-on-year; electrical steel exports of 134,000 tons, an increase of 26.6% year-on-year.
Market inventories have risen sharply
At the end of February, the inventory of key enterprises was 23.75 million tons, an increase of 6.63 million tons compared with the end of January, an increase of about 38.7%, the inventory rose more obviously.
From the perspective of an inventory structure, the relatively large increase in inventory is wire rod, accounting for an increase of 7.7 percentage points compared to January, after the Spring Festival infrastructure, real estate started delayed, steel demand has not yet recovered, and the construction material products inventory increased significantly.
From the steel association to monitor the social inventory of steel, 5 major steel varieties at the end of February social inventory totalled 13.67 million tons, an increase of 5.01 million tons over the end of January, an increase of 57.9%, the market inventory is also synchronized with the sharp rise.
Post time: Apr-17-2024