"In the first quarter, China's economy maintained an overall stable, steady and progressive development trend, providing a good market environment for the development of the iron and steel industry," Qu Xiuli, vice president of China Iron and Steel Industry Association, said at a recent quarterly information conference. "The iron and steel industry has also shown a relatively stable operation trend, with output growth and export growth. However, the price of raw materials such as imported iron ore has risen sharply, and the benefit of the steel industry has also declined significantly.
In the first quarter, China exported 17.73 million tons of steel materials, an increase of 12.6% over the same period last year, while imported 2.9 million tons of steel materials, a decrease of 16.1% over the same period last year. China's net exports of steel are 14.13 million tons, equivalent to 14.72 million tons of crude steel, an increase of 2.56 million tons over the same period last year. "This is the first increase in steel exports after three consecutive years of decline. "Qu Xiuli said.
Qu Xiuli believes that the increase in steel exports is due to the demand of the international market. At present, the world economy is in the process of slow recovery, and the demand for steel products in the world market is gradually increasing. Secondly, the competitiveness of China's steel products is increasing. Thirdly, China has export demand. China's crude steel output accounts for more than half of the world's total output, and the quality of China's steel products is constantly improving. The management level is also improving. If there is no big change this year, China's total export of steel products will be about 70 million tons, less than 10% of the total output of over 900 million tons, which is the normal export demand.
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