China's crude steel consumption will increase by 40 million to 50 million tons in 2011

Luo Bingsheng, vice president of the China Iron and Steel Association, said at the “2010 China Steel Industry Chain Strategic Development and Investment Summit” that investment in steel consumption will maintain reasonable growth in 2011. If the total social investment in fixed assets in 2011 is to maintain 20% About the growth rate, the apparent consumption of crude steel in the domestic market in 2011 will increase by 40-50 million tons compared with 2010.

Luo Bingsheng said that the apparent consumption of crude steel this year is expected to be around 596 million tons, an increase of 31.5 million tons over the previous year, an increase of about 5.6%. It is estimated that about 624 million tons of crude steel will be produced in the year, an increase of 47 million tons over the previous year. About 8.2% increase.

Luo Bingsheng disclosed that 75 large and medium-sized iron and steel enterprises included in the statistics from January to October achieved a total sales income of 2,477,642 million yuan, an increase of 35.07% over the same period of the previous year; a profit and tax of 12,871.7 million yuan, an increase of 31.55% over the same period of the previous year; and a profit of 69.34 billion. Yuan, an increase of 84.37% over the same period of last year. Judging from the profit rate, the profit rate of large and medium-sized steel companies from January to October was only 2.8%, which was lower than the average profit level of China's industrial industry. The industry is still in a low-profit status. After deducting investment income of 5.494 billion yuan, in fact, the iron and steel industry's main profit of iron and steel enterprises is only 63.845 billion yuan, and the sales profit rate is only 2.58%.

Luo Bingsheng said that the low gross profit operating status of the steel industry will continue. The main reason is overcapacity, export restrictions and rising costs. According to the statistics of the China Iron and Steel Association, the actual procurement costs of 75 large and medium-sized iron and steel enterprises for the period from January to October are 27.71% higher than the year-on-year increase in coking coal, 15.05% in coal injected, 13.4% in metallurgical coke, and 29.35% in domestic concentrate powder. The actual manufacturing cost of steel-making pig iron from January to October was still 21.22% higher than that of the same period of last year, and it was rising month by month.