Recently, the China Iron and Steel Association Vice President and Secretary General Zhang Changfu said that production from January to May this year, China's steel industry, 2012 China's crude steel production is expected to reach 700 million tons, iron and steel production as a whole showed a slight upward trend. Since the second half of 2011, China's downstream demand started to weaken, steel long-term low in this context, the contradiction between supply and demand in China have become increasingly prominent, the steel industry running difficult, the industry generally believe that if you continue to follow the development of the current growth rate, China the contradiction of supply exceeding demand is likely to continue to be maintained.
According to data provided by the China Steel Industry Association show that 1-5 months of this year, the national pig iron, crude steel and steel products (including repeat material production) to 277.771 million tons, 296.261 million tons and 384.006 million tons, an increase of 2.6%, 2.2 % and 6.3%. From the production level of crude steel day in January to 1.83 million tons in February, 1.927 million tons, 1.986 million tons in March, April to 2.019 million tons, 1.975 million tons, 1-May cumulative production of crude steel in May 296.26 million tons of crude steel output has dropped slightly since April, is still in the 190 high above the line, high-yield phenomenon.
Focus since the second half of last year, China's demand started to weaken, and the limited extent of the market for steel consumption, steel procurement will generally not high, so the steel market, stocks continued to decline, but the steel mills inventory is in substantial growth, we all know, China's steel industry is currently going through a difficult period, even though the companies have increased internal cost control efforts, but the situation of high cost and low efficiency in the short term there is still not improved, the development of the industry outlook is still difficult, especially the contradiction between supply and demand, which will have long hindered the development of China's steel industry.
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