Development and Reform Commission: Announced the operation of the steel industry in the first quarter of 2015

Abstract On April 29, the National Development and Reform Commission announced the operation of the steel industry in the first quarter of 2015. The data shows that in the first quarter, the steel industry realized a profit of 18.13 billion yuan, down 36% year-on-year. Among them, the profit of ferrous metal mining and dressing industry was 8.35 billion yuan, down 49.3%; steel...
The National Development and Reform Commission announced on April 29 the operation of the steel industry in the first quarter of 2015. The data shows that in the first quarter, the steel industry realized a profit of 18.13 billion yuan, down 36% year-on-year. Among them, the profit of ferrous metal mining and dressing industry was 8.35 billion yuan, down 49.3%; the profit of iron and steel smelting and processing industry was 10.31 billion yuan, down 0.7%.

In the first quarter, the country's crude steel output was 20.1 million tons, down 1.7% year-on-year, and 2.4% year-on-year; steel output was 266.4 million tons, up 2.5%, and the growth rate dropped by 2.8 percentage points year-on-year. The output of coke was 112.52 million tons, down 2%, and the decrease was 1.7 percentage points year-on-year. Ferroalloy production was 8.2 million tons, down 4.8%, compared with a 10.6% increase in the same period last year. Steel exports were 25.78 million tons, up 40.7%; imports were 3.23 million tons, down 10%. Iron ore imports were 227.06 million tons, an increase of 2.4%. The export of coke was 2.32 million tons, an increase of 19.1%.

Steel prices continue to fall. In March, the domestic market steel price composite index averaged 74.67, down 1.40 points from the previous month and down 20.65 points year-on-year. The average price of 6.5mm high wire, 20mm medium plate and 1.0mm cold rolled coil was 2565 yuan/ton, 2619 yuan/ton and 3488 yuan/ton respectively, down 6 yuan/ton, 24 yuan/ton and 126 yuan from last month. / ton, down 22.6%, 24.9% and 19.1%.

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