Crude steel output fell for the first time in the past 20 years

On July 9, 2015, the China iron and steel industry association executive director of the five secondary (expand) the meeting, the China iron and steel association, guang-ning zhang said in January to may, crude steel production is 340 million tons, the country fell 1.6% year on year, and for year-on-year growth of 2.71% over the same period of last year, the country’s crude steel production of the first decline since the nearly 20 years.

“In 2014 is likely to be China’s crude steel output into the peak area of the sign.” Guang-ning zhang said. At present, China’s crude steel production has more than 600 kilograms per capita, according to the changing trend of crude steel production in the developed countries general rules speculate that China’s crude steel output peak later, will be fluctuations near the peak, presents downtrend after a certain period of time.

At the same time, China’s crude steel apparent consumption will fall, and a drop from last year has widened. January to may, China’s crude steel apparent consumption fell 5.1%, 3.29% decline in 2014. “China’s crude steel apparent consumption characteristic of the peak area is obvious, the market demand growth has become the history.” Guang-ning zhang said.

Figures show that China’s steel industry association member enterprise of crude steel output fell less than the national decline. January to may, member enterprise can produce 268 million tons of crude steel fell 1.3% year on year, less than the 1.6% decline in the country. This reflects in the current market environment, enterprises production, limit production power is still insufficient.

Guang-ning zhang pointed out that under the new normal, China’s economic growth continues to fall, the gradually deepening of economic structural adjustment, the iron and steel enterprises should actively respond to challenges, to take effective measures to overcome the difficulties in production and business operation at the same time, grasp the new development opportunity, speed up the transformation and upgrading of enterprises, and strive to achieve innovation and development.