China’s crude steel output hits a record high in 2020, surpassing the 1 billion ton mark for the first time

China’s steel production will remain stable in 2020, and output will continue to grow. Official data show that in 2020, China’s crude steel output was 1.053 billion tons, an increase of 5.2% year-on-year, breaking the 1 billion tons mark for the first time.

Qu Xiuli, vice president of the China Iron and Steel Association, said at a press conference held in Beijing on the 27th that in 2020, facing the severe impact of the new crown pneumonia epidemic, as well as the severe and complex international situation, the arduous and arduous tasks of domestic reform, development and stability, China’s economy Continuous and stable recovery has provided a good external environment for the development of the steel industry. The steel industry has made accurate research and judgments, carefully planned, and acted decisively to overcome difficulties such as the impact of the epidemic on production and operation, the sharp rise in iron ore prices, and the rising pressure on environmental protection. The industry as a whole has shown a relatively good operating situation, in order to meet the steel demand of downstream industries and achieve The positive growth of the national economy has made outstanding contributions.

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Qu Xiuli said that China’s steel production will remain stable in 2020, and output will continue to grow. According to data released by the National Bureau of Statistics, in 2020, China’s crude steel output was 1.053 billion tons, a year-on-year increase of 5.2%; pig iron output was 888 million tons, a year-on-year increase of 4.3%; steel production was 1.325 billion tons, a year-on-year increase of 7.7%. In quarterly terms, crude steel production in the first quarter increased by 1.2% year-on-year, in the second quarter by 1.7%, in the third quarter by 10.3%, and in the fourth quarter by 8.8%. On a monthly basis, due to the impact of the epidemic, crude steel production in March fell year-on-year, while other months increased year-on-year.

Qu Xiuli said that in 2020, under the influence of macroeconomic policies, the national economy will gradually recover. Especially after the second quarter, as the country resumes work and production and stabilizes economic policies, major project investment is initiated, downstream industries such as machinery, automobiles, and home appliances are recovering rapidly. Economic indicators closely related to steel consumption continue to improve, and steel consumption continues to improve. A new high. According to the China Iron and Steel Association’s calculations, in 2020, China’s apparent crude steel consumption will increase by 9% year-on-year, and actual steel consumption will increase by about 7% year-on-year, of which the construction industry will grow by 10% and the manufacturing industry will grow by 4%.

Official data show that China’s crude steel production in 2019 was 996.3 million tons, an increase of 8.3% year-on-year. (Finish)


Post time: Feb-26-2021
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