1, the growth of the manufacturing sector continued to fall, weak market demand growth
According to the National Bureau of Statistics, January-May, the national investment in fixed assets (excluding farmers) an increase of 20.1 percent, 0.1 percentage points lower than the growth rate in 1-4 months; real estate development and investment growth of 18.5%, 1-4 months down 0.2 percentage points; May, above-scale industrial added value increased by 9.6% in real terms over the previous month growth accelerated by 0.3 percentage points. However, in the major steel industry, general equipment manufacturing, automobile manufacturing, railways and ships and other transportation equipment manufacturing, electrical machinery and equipment manufacturing, computers, communications and other electronic equipment manufacturing as well as electricity, heat production and supply growth of the industry and other major steel industry continued to decline, respectively 0.4,5.9,2.4,1.3,1.9, and 1.8 percent drop the previous month; Chinese manufacturing PMI fell to 50.4 percent, down 2.9 percentage points, though still at 50 % or more, but which new orders and new export orders index were 49.8% and 50.4%, down 4.7 percent and 1.8 percent respectively over the previous month; total retail sales of social consumer goods grew by 13.8 percent the previous month growth rate down 0.3 percentage points . The steel industry growth rate continued to drop, weak growth of domestic market demand for steel.
2, crude steel production remained high, the oversupply situation has not improved significantly
According to the National Bureau of Statistics data, in May, the national crude steel output reached 61.234 million tons, an increase of 2.5%; crude steel average daily production level of 1,975,300 tons, a decline of 43,700 tons, a decline of 2.16%. May crude steel output has decreased, but still higher than the average daily production level of the first four months. According to customs statistics, the month the steel exports 5.23 million tons, the chain increased 56 million tons, up 12.0 percent; imported 1.32 million tons of steel, the chain increased 19 million tons, up 16.8 percent; import 3 million tons of billet, the chain increased 10,000 tons . The full-month equivalent to 4.13 million tons of net exports of crude steel chain increased by 38 million tons. Calculated according to the above data, the May average daily domestic crude steel apparent consumption was 1.8421 million tons, less than 52,100 tons. In case of further slowdown in demand growth in the domestic market, steel production continued to maintain a high level, the oversupply of steel market has not changed.
3, raw materials and fuel prices declined slightly on the steel supporting role diminished
According to the National Bureau of Statistics data, in May, the purchasing prices of industrial producers chain fell 0.3 percent, including fuel and power prices decreased 0.4 percent. The end of May, the average price of domestic iron concentrate to 1018 yuan / ton, decreased by 4.41%; the average price of imported iron ore spot dropped to 1000 yuan / ton, a decline of 5.21%; metallurgical coke and steel scrap prices continue to decline, a decline of 3.55% and 5.27% respectively; coking coal prices are also a downward trend and decreased by 0.94%. Raw materials and fuel prices fell, the supporting role of the steel prices weakened
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