Original title: China Iron and Steel Association expects China’s crude steel production to be about 1.01 billion tons in 2022, down 2.2% year-over-year
China News Agency, Beijing, January 8 (Reporter Ruan Yulin) Qu Xiuli, vice president and general secretary of the China Iron and Steel Industry Association (hereinafter referred to as “CISA”) held the 18th China Iron and Steel Industry Chain Market Summit in Beijing on the 8th According to the 2022 annual meeting of Lange Iron and Steel Network, according to forecasts from the China Iron and Steel Association, China’s crude steel production will be about 1.01 billion tons in 2022, a decrease year on year of 2.2%.
Data show that from January to November 2022, China will produce a total of 935 million tons of crude steel, a year-on-year decline of 1.4%, and a cumulative daily output of 2.7997 million tons. Qu Xiuli said that according to the China Iron and Steel Association’s ten-day production report, in December 2022, the country’s daily crude steel production will be about 2.4251 million tons, a monthly decline of 2.4 %. China’s crude steel production is estimated to be about 1.01 billion tonnes in 2022, a year-over-year decline of 23 million tonnes or 2.2%.
In the first 11 months of 2022, China exported 61.948 million tons of steel products, a year-on-year increase of 0.4%; steel products imported were 9.867 million tons, a year-on-year decrease of 25.6%. Qu Xiuli said that China is estimated to export 68 million tons of steel products in 2022, an increase of 1% year on year. In 2022, China’s steel exports will increase slightly, mainly due to the relatively high prices in the international market.
According to the monitoring of the China Iron and Steel Association, in the first 11 months of 2022, the national average steel price index was 122.78 points, down 13.55% year on year.
Looking to 2023, Qu Xiuli said that China’s economy has strong resilience, great potential and sufficient vitality, and the effects of various policies will continue to show. In 2023, the overall economic operation is expected to rebound, and steel demand products should recover. However, the global economy is facing the risk of recession and the international market environment is more complex and direct and indirect exports of Chinese steel products are under increased pressure. At the same time, resource, energy and environmental constraints continue to exist and business operations are under increased pressure.
Qu Xiuli said that China’s steel industry has entered a new stage of development, and it is hoped that the steel companies will work together to overcome the difficulties and jointly promote the real high-quality development of the steel industry.
