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China's steel output reaches a new high

Release time:

2021-11-22

According to data released by the National Bureau of Statistics today, the average crude steel output increased by 10% to 8909 inches in May, setting a new record for monthly output. The highest harvest record was the 8503 candidate in April this year.
 
Judging from the monthly average daily output, from January to May, the previous crude steel output was the 40488 year, with an annual increase of 10.2. Judging from the monthly average daily output, in May, the average daily output of domestic crude steel was 287 tons, and the average daily output of steel was 346.5 tons, both hitting record highs. Grade of the highest record each year in April this year, crude steel and steel Nissan respectively for the 283 label and 340 position.
 
Zeng Jiesheng, chief analyst of Ouye Yunshang, analyzed to the Economic Observation Network that the growth of steel production should still be caused by demand. "The main thing is that the real estate market exceeded expectations, and infrastructure infrastructure has improved and rebounded. Of course, steel mills have profits, environmental protection restrictions have been relaxed, and industrial concentration is low, which has also contributed to the continued growth of steel production." Zeng Jiesheng said.
 
According to data from the National Bureau of Statistics today, from January to May this year, the national fixed asset investment (excluding farmers) was 21755.5 billion US dollars, an annual increase of 5.6 percent, and the growth rate was 0.5 coins lower than that from January to April. Judging from the month-on-month rate, fixed asset investment (excluding farmers) increased by 0.41 in May. Among them, private fixed asset investment was 13082.3 billion billion US dollars, an annual increase of 5.3 percent, and the growth rate was 0.2 lower than that in January-April.
 
From January to May this year, the national real estate development investment was 4607.5 billion billion yuan, an increase of 11.2 percent over the same period last year, and the growth rate was 0.7 percentage points lower than that in January-April. From January to May, the building area of real estate development enterprises nationwide was 7452.86 million square meters, an increase of 8.8 percent, and the growth rate was the same as that from January to April.
 
The data also showed that in May this year, in the manufacturing purchasing managers' index (PMI) sub-index, the production index and supplier delivery time index were 51.7 per cent and 50.9 per cent, respectively, both above the threshold. However, the manufacturing PMI composite index recorded a 49.4 in the past May, and the PMI index as a whole was in a downward channel in the past year.
 
The National Bureau of Statistics stated that, on the whole, the operation of the national economy in May was generally stable, with steady progress, and continued to operate within a reasonable range. At present, uncertainties and uncertainties in the external environment have increased, the problem of unbalanced and inadequate domestic development is still prominent, and the foundation for sustained and healthy economic development needs to be consolidated.
 
Zeng Jiesheng analyzed that the overall production capacity of China's steel is still surplus. The current demand is the birth of the early steady growth policy, but once the demand cannot keep up, there will be a serious surplus of production capacity.
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