The Ministry of Industry and Information Technology released a report on the steel industry on February 29. It is expected that the growth rate of steel consumption will decline slightly this year. The apparent consumption of crude steel for the whole year is 690 million tons, and the output of crude steel is 730 million tons, up 7% year-on-year. Annual steel exports are expected to remain at 50 million tons and imports at around 15 million tons. Imports of iron ore increased to 730 million tons, and prices are expected to decline year-on-year. Domestic steel prices remain weak, and the high point during the year is hard to exceed the 2011 high, and steel prices will be characterized by low and high. Regarding the external environment facing the industry, the Ministry of Industry and Information Technology pointed out that there are still many unfavorable factors facing the development of the world economy in 2012. The risk of the main economically developed countries falling into recession is increasing, and will drag down the economic growth of other countries, and the global economic growth will not be allowed. optimism. From the domestic situation, it is expected that the annual GDP growth rate will drop to about 8.5%, and the growth rate of urban fixed asset investment will fall to about 21%. Affected by the slow recovery of the world economy and the slowdown of China's economic growth, demand in the steel market will further weaken. The Ministry of Industry and Information Technology further stated that in 2012, the steel industry should use the market reversal mechanism, take structural adjustment, transformation and upgrading as the main direction, and rely on independent innovation and technological transformation to improve product quality, reduce steel use, and promote energy saving. Consumption, speed up mergers and acquisitions, strengthen resource security, optimize regional layout, and accelerate the transformation from focusing on scale expansion to focusing on variety quality and efficiency, and realizing the transformation and upgrading of the steel industry. The Ministry of Industry and Information Technology also stressed that it should study the policy measures to support the investment of overseas iron ore projects, improve the control of overseas iron ore resources, increase the support for enterprises to "go global" development resources and build steel plants; explore the use of neighboring countries along the border areas Iron ore resources moderately develop the model of the iron and steel industry; track the development trend of foreign iron ore trade, actively and steadily promote the new mode of iron ore pricing; support the establishment of iron ore spot trading platform with Chinese characteristics, and guide steel enterprises, ore producers participate actively. Regarding the problems faced by the current steel industry, the Ministry of Industry and Information Technology pointed out that since the second half of 2011, the global economy has been slowed by the European debt crisis, and China's steel exports have been sluggish, and domestic market pressures have continued to increase. The country adopted a tightening monetary policy to cope with the high inflationary pressures in the country, causing the growth rate of fixed asset investment to fall. The growth rate of steel downstream industries such as construction, ships, machinery, automobiles and home appliances has also slowed down, downstream demand has weakened, and steel consumption growth has declined. At the same time, in order to maintain the market share and the marginal benefit factor of production, iron and steel enterprises have insufficient willingness to actively reduce production, and the capacity released too quickly makes the contradiction between supply and demand prominent. In addition, in 2011, the average import price of China's imported iron ore imports was US$163.8/ton, a substantial increase of 27.1% year-on-year; the increase in iron ore prices pushed up the production costs of steel companies, and the steel industry experienced a sharp increase in costs and excessive production capacity. Under the dual pressure of release, profitability continues to decline. In 2011, the proportion of crude steel output in China's top 10 steel companies accounted for 49.2% of the country's total crude steel volume, a slight increase from 2010, but the growth rate of 5.4 percentage points fell sharply in 2009. The output of key steel enterprises accounted for 86.3% of the total industry, down 86.3%, down 3.2 percentage points. Affected by the demand for affordable housing, the profitability of construction steel is better than that of sheet metal. It provides market space for small and medium-sized enterprises that mainly produce construction steel. The output of small and medium-sized steel enterprises has increased substantially, which is also one of the reasons for the decrease in industrial concentration in the whole industry. According to the statistics of the Ministry of Industry and Information Technology, in 2011, the country produced 683.88 million tons of crude steel, an increase of 7.3% year-on-year; the production of iron was 629.69 million tons, an increase of 8.4%; the production of steel 88258 (including duplicate materials) tons, an increase of 9.9%. The output of long products and plates was 400 million tons and 390 million tons respectively, up 15% and 8.6% respectively, accounting for 45.7% and 44.2% of the total steel products respectively. In the same period, the fixed assets investment in the steel industry showed a rapid growth trend. The accumulated investment amounted to 511.1 billion yuan, a year-on-year increase of 15.5%. Among them, key steel enterprises completed an investment of 156.4 billion yuan, a year-on-year increase of 17.6%, accounting for 30.6% of the industry's investment. Statistics from China Steel Association further showed that new production in 2011 The steelmaking capacity is about 80 million tons. Considering the elimination of backward production capacity of about 30 million tons, the actual net increase in steelmaking capacity is about 50 million tons. At the end of the year, the crude steel production capacity reached 850 million tons.
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