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China's steel output
According to official data, in the first quarter, China's crude steel output was 261.56 million tons, a year-on-year increase of 6.1%; pig iron output was 219.83 million tons, a year-on-year increase of 7.6%; steel output was 332.59 million tons, a year-on-year increase of 5.8%. In the first quarter, the equivalent apparent consumption of crude steel was 243.42 million tons, a year-on-year increase of 1.9%. The monthly steel inventory of key enterprises is higher than that of the same period last year, and the supply intensity is higher than the consumption growth. In March, the average daily output of crude steel in China was 3.09 million tons, the highest level in the same period of previous years.
According to the China Steel Association's monitoring, in the first quarter, the average value of the China Steel Price Index (CSPI) was 117.32 points, a year-on-year decrease of 13.68%. Since the beginning of this year, although steel prices have rebounded month by month, the CSPI at the end of March was 118.54 points, up 2.88% from the end of last year, but the price of imported iron ore also showed a monthly increase in the same period, reaching $117.70 per ton in March, compared with It was up 27.8% late last year.