The China iron and steel association released industry data for the third quarter of 2019. Overall, steel production and demand have maintained a certain growth, but due to the sharp rise in costs, the benefits of steel enterprises have declined. The relevant person in charge of China iron and steel industry association pointed out the existing problems in the operation of the steel industry, as well as the situation facing the steel industry and the key work in the next stage.

According to the data, from January to September, steel output kept growing, with the country's crude steel output reaching 748 million tons, up 8.4% year on year. Pig iron output was 612 million tons, up 6.3% year on year. Steel production (including repetitive materials) was 909 million tons, up 10.6% year on year. At the same time, the data also show that both imports and exports have declined, the country's total exports of steel 50.31 million tons, down 2.67 million tons, down 5.0%. Steel prices have declined, China steel price index (CSPI) composite index average 108.58 points, down 7.17 points, or 6.2%. Enterprise benefit also drops apparently. From January to September, the sales revenue of member enterprises was 3.18 trillion yuan, up 11.6% year on year. Total profits reached 146.6 billion yuan, down 32.0% year-on-year; The sales margin was 4.6%, down 3 percentage points from a year earlier.

"In the first three quarters of this year, under the impetus of various national measures to stabilize growth, major projects started in various regions, creating a better market environment for the steel industry." Qu xiuli, vice chairman of the China iron and steel association, said that steel enterprises have seized the market opportunity, while meeting the market demand to achieve stable production and increase production, they have also actively promoted ultra-low emissions transformation, actively explored the merger and reorganization path, and achieved phased results. More and more enterprises have met the requirements of ultra-low emission targets. The reorganization of baowu and masteel is another achievement in the process of promoting merger and reorganization.

"Overall, the first three quarters of the steel industry performed well, but there are also many difficulties and problems." Qu pointed out that the release of production capacity is fast, the impact of trade protectionism is still continuing, the pressure on enterprises to increase costs is greater, the law enforcement of environmental protection still needs to be more scientific and reasonable, and the tax burden on enterprises is still heavy.

"The domestic economy is under increasing downward pressure and faces increasing difficulties. The country will continue to adopt a proactive policy to stabilize growth and expand domestic demand, and maintain the momentum of economic progress while maintaining stability. The Chinese economy still has strong resilience and potential." 'the steel industry is facing such a situation,' Ms. Qu said. 'there are several areas we need to work on.' First, we will actively promote ultra-low emissions and raise the level of green development. Second, we will continue to deepen supply-side structural reform and consolidate the achievements made in cutting overcapacity. Third, actively promote mergers and reorganizations to improve industrial concentration. We should actively promote mergers and reorganizations in a market-oriented and legal manner, in accordance with the principles of voluntarism, complementarity of advantages, and synergy and efficiency of enterprises, and refrain from engaging in "lalang matching" by administrative orders of the government. At the same time, we should reduce policy obstacles to cross-regional reorganization and promote cross-regional and cross-ownership mergers and reorganizations.

In addition, the industry should strengthen self-discipline, strive to maintain market stability, continue to work hard to practice internal skills, and vigorously promote cost-cutting and efficiency, qu said. And to strengthen independent innovation to promote high-quality development of the industry. Standing at a new historical juncture, the steel industry must take independent innovation as the strategic base point and core element, aim at key weak areas, master key core technologies as soon as possible, and foster new drivers of innovation and development. We need to increase investment in research and development, create a sound environment for innovation, and consolidate the foundation for scientific and technological innovation. We should further develop the concept of "standards first", adhere to the integration of scientific and technological research and development, standards development and industrial development, and constantly improve the steel standardization system so as to enhance China's competitiveness and influence in the field of international standards.

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