First, crude steel production increased. According to the national bureau of statistics data, December 1, 2019 – the national pig iron, crude steel and steel production 809.37 million tons, 996.34 million tons and 1.20477 billion tons respectively, year-on-year growth of 5.3%, 8.3% and 9.8%, respectively.

Second, steel exports continue to decline. According to the general administration of customs, a total of 64.293 million tons of steel were exported from January to December 2019, down 7.3% year-on-year. Imported steel 12.304 million tons, fell 6.5% year on year.

Third, steel prices fluctuate narrowly. Monitoring according to the China iron and steel industry association, China at the end of 1 2019 steel composite price index is 106.27, in late April rose to 112.67 points, in late December fell to 106.10 points. The average composite price index for steel in China was 107.98 in February, down 5.9% from a year earlier.

Fourth, enterprise profits fell. From January to December 2019, cisa member steel enterprises realized sales revenue of 4.27 trillion yuan, up 10.1% year on year; Realized profit of 188.994 billion yuan, down 30.9% year on year; The cumulative sales profit margin was 4.43%, down 2.63 percentage points year on year.

Fifth, steel stocks rose. Social inventory of five kinds of steels (re-bar, wire, hot rolled coil, cold rolled coil and medium thick plate) in major cities rose to 16.45 million tons at the end of March 2019, up 6.6% year-on-year. It fell to 10.05 million tons at the end of December, up 22.0% year on year.

Sixth, import ore prices rose sharply. According to customs data, December 1, 2019 – the 1.07 billion tons of iron ore imports, rose 0.5%. The price of imported minerals rose to us $115.96 / ton at the end of July 2019 and fell to us $90.52 / ton at the end of December, up 31.1% year on year.