On October 29th, the fourth industry information conference of the China Iron and Steel Association in 2010 was held in Beijing. The executive vice chairman of the Steel Association Luo Bingsheng announced a set of latest data on the operation of the industry. He pointed out that under the dual pressures of the low price of steel products in the domestic market and the rising cost of steel production, the profitability of steel companies has been greatly reduced, and they have been operating at a low efficiency. From January to September this year, 77 large and medium-sized iron and steel enterprises included in the statistics achieved sales of 2,250.963 billion yuan, a year-on-year increase of 39.52%; realized profits and taxes of 118.16 billion yuan, an increase of 34.92%; and profits of 64.00 billion yuan, an increase of 98.05%. The total profit of the company increased. However, from January to September, the sales profit rate of large and medium-sized steel companies was only 2.84%, which was lower than the average profit level of China's industrial sector. Of the 77 large and medium-sized enterprises, 10 had losses and the loss was 13%. The loss amounted to 2.39 billion yuan.
It is understood that in May of this year, profits of large and medium-sized iron and steel enterprises fell by 17.9% from the previous month in April, a decrease of 37.77% compared with that of May in June, a decrease of 54.24% in July from June, and a profit of 3.815 billion in August. The profit was 5.822 billion yuan, a year-on-year decrease of 67.55% and 20.25% respectively. The overall production and operation of iron and steel enterprises face severe challenges.
"Since the beginning of this year, the production cost of our country's iron and steel enterprises has continued to rise." Luo Bingsheng said. Taking iron ore as an example, the average CIF price of imported iron ore in China from January to September was US$121.7/ton, up by US$43.84/ton or 56.31% year-on-year; total imported iron ore was 457.6 million tons, a year-on-year decrease. 11.53 million tons, but the total amount of imports reached 55.689 billion US dollars, an increase of 19.162 billion US dollars, equivalent to approximately 130.3 billion. Increased price reductions have become the main feature of China's iron ore imports.
In addition to iron ore, other raw fuel costs are also rising. Luo Bingsheng gave such a set of data: Steel Association statistics show that 77 large and medium-sized iron and steel enterprises, from January to September in the actual cost of corporate procurement, coking coal rose 28.83% year on year, injection of coal rose 14.83%, metallurgical coke rose 13.61%, domestic concentrate powder rose 29.6%. From January to September, the manufacturing cost of pig iron for steelmaking saw a year-on-year increase of 20.53%, showing a monthly increase.
In addition, Luo Bingsheng pointed out that since the beginning of this year, the steel prices in the domestic market have generally been adjusted at a low level. It is understood that at the end of September, China’s steel price index was 119.43 points, although there was a slight rebound from the end of July, but overall, the basis for price recovery was still weak. He predicted that the next step in steel prices will remain during the period of low-to-medium price fluctuations.
From January to September, China produced 4745.32 million tons of crude steel, an increase of 53.642 million tons, an increase of 12.74%. From January to September, the average daily output of crude steel was 1,738,200 tons, equivalent to an annual output of 634 million tons of crude steel. Overall, the total steel production is still high. Specifically for each species, Luo Bingsheng said: “In general, there is a clear trend in the optimization and development of steel product varieties.†Figures show that from January to September, 598.944 million tons of steel (including repetitive materials) were produced in China. Plates amounted to 231.994 million tons, a year-on-year increase of 27.9%. Long products amounted to 276.686 million tons, an increase of 13.83% year-on-year. Plates increased by 14.07 percentage points over long products. Plates accounted for 38.68% of the total, an increase of 2.69 percentage points year-on-year. The proportion of the total volume was 44.63%, a year-on-year decrease of 2.02 percentage points; the narrow strip steel increased by 7.48% year-on-year, the steel bars increased by 10.4% year-on-year, and the year-on-year increase decreased by 20.72 and 17.1 percentage points respectively.
Luo Bingsheng believes that the high growth of China's steel production is partly due to export pull. From January to September, China exported 3,394,600 tons of steel and 132,300 tons of steel bills, equivalent to 36,244,400 tons of crude steel exports, an increase of 19,519,800 tons, an increase of 116.73%; imported steel 12,489,600 tons, billet 436,200 tons, equivalent to crude steel Imports of 13.7326 million tons, a year-on-year decrease of 4.360600 tons, a decrease of 24.1%; import and export of steel, billet offset, equivalent to 2305.88 million tons of crude steel net exports, net imports of 1.371 million tons the same period last year. Replaced by imports and increased exports of steel, billets converted to 23.3804 million tons of crude steel, accounting for January-September increased by 44.52% of crude steel production. He predicted that from the current situation of export of steel products, the fourth quarter of this year, the decline in exports is a foregone conclusion, the total export volume decreased, reducing the export of steel into the domestic market, will affect the supply and demand balance in the domestic market.
Speaking of the issue of mergers and reorganizations, Luo Bingsheng said: "Since the pace of joint reorganization of enterprises has accelerated since the beginning of this year, the crude steel output of the top 10 steel groups from January to September reached 220,689,400 tons, accounting for 46.51% of the country's total crude steel. The year-on-year increase of 7.36 percentage points has resulted in an increase in industrial concentration."
In addition, the comprehensive energy consumption per ton of large and medium-sized iron and steel enterprises that were included in the statistics of the Steel Association from January to September fell by 2.31% year-on-year, the new water consumption per ton of steel decreased by 7.39% year-on-year, and the amount of chemical oxygen in the waste water discharged by others dropped by 7.94% year-on-year. The total amount of carbon dioxide in the effluent gas decreased by 7.68% year-on-year, the total amount of smoke effluent decreased by 6.38%, and the total amount of industrial dust effluent decreased by 3.68% year-on-year. How to make steel enterprises move out of low-efficiency operations is the current focus of the industry, and is also an important consideration in the formulation of the “12th Five-Year Plan†steel development plan. In response, Luo Bingsheng pointed out that the "12th Five-Year Plan" of the iron and steel industry must adhere to the theme of scientific development, persist in accelerating the transformation of development methods as the main line, and focus on the following three tasks: First, accelerate structural adjustment and industrial upgrading of the steel industry. Promote the realization of the iron and steel industry from big to strong; second, strengthen industry-wide joint mergers and reorganizations, increase industrial concentration in the industry, and promote the optimization and upgrading of the industrial structure of the iron and steel industry; and thirdly, further increase efforts in energy-saving and emission reduction in the industry. The steel industry should be developed in accordance with the requirements of building a resource-saving and environment-friendly society.
It is understood that in May of this year, profits of large and medium-sized iron and steel enterprises fell by 17.9% from the previous month in April, a decrease of 37.77% compared with that of May in June, a decrease of 54.24% in July from June, and a profit of 3.815 billion in August. The profit was 5.822 billion yuan, a year-on-year decrease of 67.55% and 20.25% respectively. The overall production and operation of iron and steel enterprises face severe challenges.
"Since the beginning of this year, the production cost of our country's iron and steel enterprises has continued to rise." Luo Bingsheng said. Taking iron ore as an example, the average CIF price of imported iron ore in China from January to September was US$121.7/ton, up by US$43.84/ton or 56.31% year-on-year; total imported iron ore was 457.6 million tons, a year-on-year decrease. 11.53 million tons, but the total amount of imports reached 55.689 billion US dollars, an increase of 19.162 billion US dollars, equivalent to approximately 130.3 billion. Increased price reductions have become the main feature of China's iron ore imports.
In addition to iron ore, other raw fuel costs are also rising. Luo Bingsheng gave such a set of data: Steel Association statistics show that 77 large and medium-sized iron and steel enterprises, from January to September in the actual cost of corporate procurement, coking coal rose 28.83% year on year, injection of coal rose 14.83%, metallurgical coke rose 13.61%, domestic concentrate powder rose 29.6%. From January to September, the manufacturing cost of pig iron for steelmaking saw a year-on-year increase of 20.53%, showing a monthly increase.
In addition, Luo Bingsheng pointed out that since the beginning of this year, the steel prices in the domestic market have generally been adjusted at a low level. It is understood that at the end of September, China’s steel price index was 119.43 points, although there was a slight rebound from the end of July, but overall, the basis for price recovery was still weak. He predicted that the next step in steel prices will remain during the period of low-to-medium price fluctuations.
From January to September, China produced 4745.32 million tons of crude steel, an increase of 53.642 million tons, an increase of 12.74%. From January to September, the average daily output of crude steel was 1,738,200 tons, equivalent to an annual output of 634 million tons of crude steel. Overall, the total steel production is still high. Specifically for each species, Luo Bingsheng said: “In general, there is a clear trend in the optimization and development of steel product varieties.†Figures show that from January to September, 598.944 million tons of steel (including repetitive materials) were produced in China. Plates amounted to 231.994 million tons, a year-on-year increase of 27.9%. Long products amounted to 276.686 million tons, an increase of 13.83% year-on-year. Plates increased by 14.07 percentage points over long products. Plates accounted for 38.68% of the total, an increase of 2.69 percentage points year-on-year. The proportion of the total volume was 44.63%, a year-on-year decrease of 2.02 percentage points; the narrow strip steel increased by 7.48% year-on-year, the steel bars increased by 10.4% year-on-year, and the year-on-year increase decreased by 20.72 and 17.1 percentage points respectively.
Luo Bingsheng believes that the high growth of China's steel production is partly due to export pull. From January to September, China exported 3,394,600 tons of steel and 132,300 tons of steel bills, equivalent to 36,244,400 tons of crude steel exports, an increase of 19,519,800 tons, an increase of 116.73%; imported steel 12,489,600 tons, billet 436,200 tons, equivalent to crude steel Imports of 13.7326 million tons, a year-on-year decrease of 4.360600 tons, a decrease of 24.1%; import and export of steel, billet offset, equivalent to 2305.88 million tons of crude steel net exports, net imports of 1.371 million tons the same period last year. Replaced by imports and increased exports of steel, billets converted to 23.3804 million tons of crude steel, accounting for January-September increased by 44.52% of crude steel production. He predicted that from the current situation of export of steel products, the fourth quarter of this year, the decline in exports is a foregone conclusion, the total export volume decreased, reducing the export of steel into the domestic market, will affect the supply and demand balance in the domestic market.
Speaking of the issue of mergers and reorganizations, Luo Bingsheng said: "Since the pace of joint reorganization of enterprises has accelerated since the beginning of this year, the crude steel output of the top 10 steel groups from January to September reached 220,689,400 tons, accounting for 46.51% of the country's total crude steel. The year-on-year increase of 7.36 percentage points has resulted in an increase in industrial concentration."
In addition, the comprehensive energy consumption per ton of large and medium-sized iron and steel enterprises that were included in the statistics of the Steel Association from January to September fell by 2.31% year-on-year, the new water consumption per ton of steel decreased by 7.39% year-on-year, and the amount of chemical oxygen in the waste water discharged by others dropped by 7.94% year-on-year. The total amount of carbon dioxide in the effluent gas decreased by 7.68% year-on-year, the total amount of smoke effluent decreased by 6.38%, and the total amount of industrial dust effluent decreased by 3.68% year-on-year. How to make steel enterprises move out of low-efficiency operations is the current focus of the industry, and is also an important consideration in the formulation of the “12th Five-Year Plan†steel development plan. In response, Luo Bingsheng pointed out that the "12th Five-Year Plan" of the iron and steel industry must adhere to the theme of scientific development, persist in accelerating the transformation of development methods as the main line, and focus on the following three tasks: First, accelerate structural adjustment and industrial upgrading of the steel industry. Promote the realization of the iron and steel industry from big to strong; second, strengthen industry-wide joint mergers and reorganizations, increase industrial concentration in the industry, and promote the optimization and upgrading of the industrial structure of the iron and steel industry; and thirdly, further increase efforts in energy-saving and emission reduction in the industry. The steel industry should be developed in accordance with the requirements of building a resource-saving and environment-friendly society.
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