Development and application of China's steel industry

- Nov 15, 2019-

With the increasing demand for steel over time, China is paying more and more attention to steel development. With higher technology, better materials and better performance, let us understand the development of China's steel industry. application.

Production hit a record high. From January to June 2013, the country's cumulative production of crude steel was 390 million tons, a year-on-year increase of 7.4%, an increase of 5.6 percentage points over the same period a year ago. In the first six months, the average daily output of crude steel was 2.154 million tons, equivalent to an annual output of 786 million tons of crude steel. Among them, the highest in history reached 2.208 million tons in February, and although it fell back in March-June, it remained at a high level of over 2.1 million tons. In terms of provinces and regions, from January to June, the output of crude steel in Hebei and Jiangsu provinces increased by 6.8% and 13.2% respectively. The total new output of the two provinces accounted for 42.4% of the national increase of 26.94 million tons, and Shanxi and Liaoning. The increase in production in Henan and Yunnan provinces is also over 1 million tons. In terms of types of enterprises, from January to June, the output of crude steel in key large and medium-sized steel enterprises increased by 5.5% year-on-year, which was lower than the national average growth rate by 2 percentage points, but still 60% of the increase in production came from key large and medium-sized steel enterprises.

Steel prices are running low. From January to June 2013, the overall performance of the domestic steel market was sluggish. With the substantial release of crude steel production capacity, the market supply and demand have fallen into an unbalanced state, and steel prices have entered a downward channel, which has been weakly reduced for more than four months. As of July 26, 2013, the steel price index fell to 100.48 points, down from 6.6 points at the beginning of the year. The prices of the eight steel products in the key statistics of the Iron and Steel Industry Association have declined to varying degrees from the beginning of the year, with an average decline of 5.7%. In terms of varieties, the price of construction wire and rebar, which accounted for a large proportion of China's steel output, fell by 4.9% and 6.7%, respectively, and the prices of plate and hot rolled coil fell by 5.7% and 9.7% respectively.

Steel exports grew rapidly. The imbalance between supply and demand in the domestic steel market stimulates corporate exports. From January to June, China's accumulated steel exports totaled 30.69 million tons, up 12.6% year-on-year; imported steel 6.83 million tons, down 1.8%, and imported steel billets and steel ingots 320,000 tons, up 50%. The billet was converted into crude steel, and the cumulative net export was 25.06 million tons, up 17.3% year-on-year, accounting for 6.4% of China's crude steel output. From the perspective of export prices, the average price of export rods and rods in January-June was US$624.3/ton, down 18% year-on-year; sheet metal was US$835.2/ton, down 2.8% year-on-year.

The application of steel to room furniture is also becoming more and more abundant, such as table legs, cabinets, lamps and so on. The steel table legs we produce have followed this development of the Chinese steel industry with this excellent production process and technology. Many of the advantages of the steel pipe legs we produce are resistant to high temperatures, corrosion, and rust. Very much like the European, American and other customers like it.

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