According to data released by the National Bureau of Statistics, this year from January to June, China's production of steel 467 million tons, an increase of 6.1 percent, 6.7 percentage points lower growth rate than the same period in 2011, 20 percentage points lower than in 2010; crude steel year-on-year growth 1.8% lower than the same period last year an increase of 7.8 percentage points. This is a good sign for the steel industry, production slowdown that we are to adapt to the Chinese and global economies slow down the rhythm.
The first half of China's GDP grew 7.8 percent in the second quarter increase of 7.6 percent growth rate than in the first quarter, down 0.5 percentage points. June, China's manufacturing Purchasing Managers Index PMI fell to 50.2 percent last month, down 0.2 percentage points to seven-month low. June data and the decline of the semi-annual economic data than expected, making the industry pessimistic about the prospects for economic development. However, from behind the economic data reflected in the first half of the trends in the industry to run the external environment is improved.
The raw material cost pressures eased
International Monetary Fund (IMF) latest report shows that the prospects for global economic growth will be slightly lower than the expected three months ago, but depends on the policies and measures to correct or not. IMF Managing Director Lagarde, Brazil, China, India's economy has deteriorated, but Asia is still in the lead world economic recovery.
China's economic decline, but overall remains steady growth, and slowing down to show the effect of structural adjustment. In July, Premier Wen Jiabao in the five provinces on the economic conference, said the current economic form a stable upward trend but the overall economic operation showing the slow stabilization of posture.
This year from January to June, total fixed asset investment grew 20.4 percent, showing steady growth. Ferrous metal smelting and rolling processing industry investment increased by 9.4 percent, lower than the same period last year an increase of 5.4 percentage points. Major upstream industry, mining industry investment increased 22.8 percent increase over the same period last year by 4.2 percentage points higher, the investment growth rate is still high; coal investment growth of 23.1 percent over the same period last year, an increase of 3.6 percentage points; oil investment increased by 3.3 % over the same period last year, an increase of 2 percentage points. From the iron ore situation, since March, a major international mining companies began to increase, the port ore stocks have been four consecutive months rising. July 6, the country's 30 ports iron ore stocks has reached 97.76 million tons.
Large-scale increase in raw materials and shrinking demand long-term stability has finally appeared this year in the high raw material prices continued to fall. Since the beginning of this year, the Bohai Sea of ??steam coal of 5500 kcal average price closed from 797 yuan / ton in the beginning of the year fell to 652 yuan / ton, a drop of nearly 20%; June, China imported iron ore average price fell 17.10%. Energy, raw materials prices fell, the cost reduction of the iron and steel enterprises have a positive effect.
User industries still maintain a certain growth
Although the steel user industries growth rate declined, but still maintain a certain growth.
Infrastructure investment in the January to June, the real estate investment rose 16.6 percent, an increase of 15.3 percentage points lower than the same period last year; investment in transportation, storage and postal industry is down 2% year on year, an increase of 16.3 percent in the same period last year. Investment in water conservancy, environment and public facility management industry increased by 12.8%, low 4.6 percent increase over the same period last year. Overall, investment in infrastructure, transportation warehousing postal decline, the real estate and water environment although the growth rate decreased significantly, but still maintained a moderate growth. This is the inevitable effect of the country's excessive dependence on investment to spur economic growth mode to be adjusted.
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