In 2018, the steel industry realized a profit of 470.4 billion yuan

According to the official website of the National Development and Reform Commission, the National Development and Reform Commission recently announced the operation of the steel industry in 2018. The data shows that in 2018, the steel industry realized a profit of 470.4 billion yuan, an increase of 39.3% over the previous year. Among them, the profit of ferrous metal mining and dressing industry was 7.3 billion yuan, down 34.4%; the profit of ferrous metal smelting and rolling processing industry was 402.9 billion yuan, up 37.8%.

Among them, in 2018, the national crude steel output was 928.26 million tons, an increase of 6.6% over the previous year. The growth rate was 0.9 percentage points higher than the previous year; the steel output was 110.552 million tons, an increase of 8.5%, an increase of 7.7 percentage points. Coke production was 438.20 million tons, an increase of 0.8%, and a decrease of 3.3% in the previous year. The output of ferroalloys was 31.23 million tons, an increase of 4.5%, and the growth rate was 4 percentage points higher than the previous year. Steel exports were 69.34 million tons, down 8.1%; imports were 13.17 million tons, down 1%. Iron ore imports were 106.447 million tons, down 1%. The export of coke was 9.75 million tons, an increase of 20.8%.

In addition, steel prices fell faster than last month. In December, the domestic market steel price composite index averaged 107.44 points, down 7.7 points from the previous month and down 16.61 points year on year. The average price of the 6.5mm high line was 4019 yuan / ton, down 402 yuan / ton from the previous month, down 12.9%; the average price of 20mm plate, 1.0mm cold rolled coil was 3879 yuan / ton and 4376 yuan / ton , down 261 yuan / ton and 238 yuan / ton from the previous month, down 10.6% and 12.9%.

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