July, crude steel production grew 4.2 percent year on year growth slowed to 11.3 percent; steel production increased by 6.5%, slowing to 8.4 percent. Coke production increased by 1.2%, slowing to 18.6 percent. Ferroalloy production grew by 8.8%, slowing to 21 percent. Steel exports 4.32 million tons, a decrease of 900,000 tons from last month; imported 1.16 million tons, an increase of 60,000 tons from last month. Coke export 11 million tons, decreased by 40,000 tons from last month.
Steel prices continue to decline. In July, the composite index of the domestic market, steel prices an average of 112.03, down 3.84 points from last month, down 22.07 points. 6.5mm high cable, 20mm plate, 1.0mm cold rolled coils average price of 3946 yuan / ton and 3961 yuan / ton and 4768 yuan / ton, down 4.8%, 4.8% and 3.4%, down 20.3%, 19.2% and 12.8%.
In January-July, crude steel production was 419.46 million tons, an increase of 2.1%, year on year growth slowed to 8.2 percent; steel production of 548.96 million tons, an increase of 6.1%, slowing to 6.9 percent. Coke output was 261.53 million tons, an increase of 5.8%, slowing to 7 percent. Ferroalloy production of 17.19 million tons, an increase of 9%, slowing to 12.9 percent. Billet imports 22 million tons, down 30.6 percent. Steel exports of 31.55 million tons, an increase of 9.7%; imported 8.11 million tons, down 12.5 percent. Iron ore imports of 423.75 million tons, an increase of 9.1%. Coke export 6.9 million tons, down 73.6 percent.
The first half of the steel industry realized profits of 66.4 billion yuan, down 49.4 percent. Among them, the mining industry profit of 35.8 billion yuan, down 14.5 percent;, and iron and steel smelting and processing industry profit of 24.9 billion yuan, down 68.1 percent.
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