1、 The cumulative crude steel output decreased year-on-year. Since July, the crude steel output has maintained a year-on-year decline for four consecutive months. According to the data of the National Bureau of statistics, in October, the national crude steel output was 71.58 million tons, a year-on-year decrease of 23.3%, the daily average output was 2.309 million tons, a month on month decrease of 6.1%, the lowest daily output since 2018. From January to October, China's cumulative crude steel output was 877 million tons, a year-on-year decrease of 0.7%, and positive results were achieved in reducing crude steel output.
2、 Steel prices continued to fall. Affected by factors such as the decline in raw fuel prices, steel prices have fallen sharply recently. According to the data of China Iron and Steel Industry Association, on November 12, the comprehensive price index of domestic steel was 136.81 points, down 13.2% from the end of September and up 22.1% from the same period last year; The price of rebar was 4643 yuan / ton, down 18.6% from the end of September; The price of hot rolled coil was 5009 yuan / ton, down 14.9% from the end of September. Steel prices have fallen back to the level of early March this year.
3、 Steel exports continued to decline month on month. According to the data of the General Administration of customs, in October, China exported 4.497 million tons of steel, down 8.6% month on month; Imported steel was 1127000 tons, down 10.3% month on month. From January to October, China exported 57.52 million tons of steel, a year-on-year increase of 29.5%; The total imported steel was 11.84 million tons, a year-on-year decrease of 30.3%.
4、 Iron ore price shocks return. According to the data of China Iron and Steel Industry Association, on November 12, the CIF price of imported iron ore (62% grade) was 89.18 US dollars / ton, down 24.8% from the end of September and 61.3% from the highest point of 230.59 US dollars / ton in the year. According to the data of the General Administration of customs, from January to October, China imported 933 million tons of iron ore, a year-on-year decrease of 4.2%, and the average price was 175.9 US dollars / ton, a year-on-year increase of 73.6%.
5、 The inventory of steel enterprises increased slightly, and the social inventory decreased slightly. According to the statistics of China Iron and Steel Industry Association, in late October, the steel inventory of key enterprises was 12.84 million tons, an increase of 7.5% over late September and 5.7% over the same period last year. The social inventory of 5 major varieties of steel in 20 cities was 9.69 million tons, down 9.0% from late September and 14.0% from the same period last year.
