China crude steel output and sales forecast in 2013

In 2013, China's crude steel output is expected to be around 750 million tons, and the apparent consumption of crude steel will be around 700 million tons. The growth in consumption of crude steel will tend to be stable.

According to the report, in 2012, due to slowing economic growth at home and abroad, overcapacity and high financial costs, the production and operation of China's iron and steel enterprises fell into a downturn once again, and the steel industry has entered a “during period” of transformation and upgrading.

The data show that in 2012, China produced 717 million tons of crude steel, an increase of 3.1% year-on-year; 80 key large and medium-sized steel companies realized a cumulative sales income of 3.5441 trillion yuan, a year-on-year decrease of 4.3%; and a profit of 1.58 billion yuan, a year-on-year decrease of 98.2%. .

The report pointed out that before the downstream demand has been improved and the contradiction of overcapacity has been resolved, the iron and steel enterprises' profit situation cannot be effectively improved. However, as China's ore demand stabilizes, the global oversupply of iron ore will gradually become more prominent, and iron ore prices will generally appear to oscillate downward.