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The operation of the steel industry in the first quarter of 2012
In the first quarter of 2012, the demand for China's steel industry was not strong, the business conditions were not good, and the benefits turned from profit to loss. The steel industry was in a critical period of structural adjustment and optimization. Steel production slows down. In the first quarter, the country produced a total of 165.92 million tons of iron, 174.22 million tons of crude steel, and 222.46 million tons of steel (including duplicate materials), up 3.2%, 2.5%, and 6.5%, respectively, down 3.8, 6.5, and 7.2 from the same period of last year. percentage point. The steel industry is still at a high level, but it has shown a slowdown. Business operations losses. At the end of March, the steel composite price index fell by 7.67% year-on-year. In the first quarter, the national key large and medium-sized steel enterprises lost 1.034 billion yuan, and the average sales profit rate of the steel industry was -0.12%. The steel industry has entered a loss-making state from low-profit operation. Imports of iron ore have increased. In the first quarter, China's cumulative import of iron ore was 176.62 million tons, a year-on-year increase of 6%. The average landed price of iron ore was US$137.1/ton, down 12.5% ​​year-on-year, and iron ore prices have fallen. The net export volume of steel has increased significantly. In the first quarter, China's accumulated steel exports totaled 12.15 million tons, up 15.8% year-on-year; the cumulative import of steel was 3.41 million tons, down 18.4% year-on-year; the net crude steel output was 9.19 million tons, an increase of 2.65 million tons, an increase of 38.3%. Fixed asset investment maintained growth. In the first quarter, the accumulated investment in fixed assets of the steel industry was 86.1 billion yuan, a year-on-year increase of 10.8%. Among them: ferrous metal mining investment investment of 14.8 billion yuan, an increase of 26.6%; black smelting and rolling investment of 71.3 billion yuan, an increase of 8.0%.