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Brief Problems Encountered By The Steel Industry In China
Feb 24, 2016

Relevant data show that from January to September this year, China's production of seamless steel tubes 19.56 million tons, an increase of 10.7% production pipe 28.761 million tons, an increase of 26.5%. Apparent consumption of seamless steel tubes in the domestic market (resource supply) was 16.2713 million tons, an increase of 8.13%; pipe apparent consumption was 26.4295 million tons, an increase of 26.3%.

Meanwhile, China's steel export further expansion in the number of countries and regions, among them, seamless steel pipe exports to 149 countries and regions. However, the steel industry, there are still many problems in China's iron and steel industry. Specific analysis are as follows.

Are iron ore and other raw material and fuel prices continue to rise, further increase the cost of steel pipe manufacturing, enterprises continue to drop. From January to August this year, China's average import CIF $ 164.36/ton of iron ore, rose 37.5%. Domestic iron ore, coking coal, scrap, billet, steel and other commodity prices also rose sharply. Meanwhile, overall presents a State of oversupply in the domestic market, without greater improvement in steel prices, steel price rose just less than the beginning of 5%. High costs squeeze efficiency continues to drop.