The steel industry achieves a good start to the first quarter

The latest data from the China Iron and Steel Association shows that in the first quarter, my country's pig iron output was 201 million tons. In the same period, the national steel consumption was about 235 million tons. The market supply and demand were generally balanced, and steel prices rebounded slightly. At the end of March, China's steel price index was 138.85 points, year-on-year. rose 1.89%.

Qu Xiuli, Vice President of China Iron and Steel Association: In the first quarter, the steel industry achieved a good start through the joint efforts of the whole industry. From a month-on-month perspective, the economic benefits have rebounded month-on-month since January, February and March, especially in March.

The China Iron and Steel Association said that in the short term, the iron and steel industry is affected by the two-way pressure of supply constraints and demand contraction, and the reduction and development characteristics are obvious. In the first quarter, the output of steel declined, but the product structure continued to be optimized and the product variety became more abundant. At present, the domestic steel market share exceeds 99%. Among the 22 major categories of steel products, 19 categories of steel products have a self-sufficiency rate of 100%. A batch of high-end steel products has reached the international leading level, and new steel materials have continuously made breakthroughs in industrialization, which effectively guaranteed the smooth implementation of major projects and key projects.