China Iron and Steel Association: the social inventory of five categories of steel products fell 3.3% month-on-month in July

China Iron and Steel Association: the social inventory of five categories of steel products fell 3.3% month-on-month in July

The China Steel Association released an analysis of the social stock of steel in July on the 30th. In July 2018, the total social inventory of five categories of steel products in 20 cities across the country continued to decline, but the decline was narrowed. The total inventory of this month was 9.29 million tons, a decrease of 310000 tons or 3.3% on a month-on-month basis; Among them, the total inventory of steel market is 8.45 million tons, a decrease of 350000 tons, or 3.9%, and that of port is 840000 tons, an increase of 30000 tons, or 4.1%.

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2019

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China exported 5.651 million tons of steel in March

China exported 5.651 million tons of steel in March

According to the data of the General Administration of Customs, China exported 5.651 million tons of steel in March, a year-on-year increase of 16.6% and a year-on-year decrease of 25.2%; In January-March, the total export of steel was 15.148 million tons, down 26.4% year on year, 0.7 percentage points lower than that in January-February. In March, China imported 85.788 million tons of iron ore, up 1.8% month-on-month and down 10.2% year-on-year; In January-March, the import of iron ore was 271 million tons, down 0.1% year on year.

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2019

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Domestic steel price rose slightly

Domestic steel price rose slightly

The demand release speed of domestic spot steel market is accelerating, but various constraints still exist more or less, so the increase of spot steel price is limited. The iron ore market is basically volatile.

03

2019

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How will the reduction of VAT rate affect the steel industry?

How will the reduction of VAT rate affect the steel industry?

This year's government work report made it clear that the tax burden of enterprises should be further reduced, emphasizing the need to reform and improve value-added tax, adjust the tax rate level in the direction of three and two levels, focus on reducing the tax rate of manufacturing, transportation and other industries, and raise the annual sales standard of small-scale taxpayers.

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2019

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Provide higher quality and stronger guarantee for steel and related industries -- Cui Pijiang proposed the development of coking industry in the "14th Five-Year Plan"

Provide higher quality and stronger guarantee for steel and related industries -- Cui Pijiang proposed the development of coking industry in the "14th Five-Year Plan"

"China's industrialization, urbanization, agricultural modernization and national defense modernization still need steel materials as an important support during the 14th Five-Year Plan period, which will create certain survival and development opportunities for coke. Coking enterprises should firmly grasp the demand, realize the deep integration of upstream and downstream industrial chains, provide higher quality and more powerful guarantee for steel and related industries, and stride forward to a new era of high-quality transformation and development." November 7, Cui Pijiang, president of China Coking Industry Association (hereinafter referred to as China Coking Association), proposed the development of coking industry during the "14th Five-Year Plan" period at the 2020 (9th) China Steel Raw Material Market High-end Forum.

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2020

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