On July 31, six of the second member of China steel industry association (expand) meeting in zhangjiagang city, jiangsu province. The China iron and steel association Shen Bin said at the meeting, relatively stable in the first half of the iron and steel production, steel mills economic benefits gradually repair, showed a strong ability to resist risk, return to work and production and national economic recovery to the downstream industry provides the important support of raw materials, in the development of industrial economy steady play the role of the "YaCangShi".

Shen Bin introduction, from the latest statistics, in the first half of the crude steel production 499.01 million tons, up 1.4%; Pig iron production 432.68 million tons, up 2.2%; Steel output was 605.84 million tons, up 2.7% from a year earlier. With the recovery of the downstream demand, inventory from the peak in early March 41.62 million tons of steel fell to 25.78 million tons, in late June fell by 15.84 million tonnes, fell 38.06%, but still higher than the same period last year, 1.11 million tons, an increase of 4.49%.

"In the first half of the iron and steel industry overall running situation better than expected, but good pull in demand is expected to iron and steel production and has high strength steel inventory pressure problems such as high, steel price is still very prominent, improve the economic efficiency of enterprises is very difficult." Shen Bin said.

Talk about the price of steel and iron ore prices this year and the problems, Shen Bin responded that steel prices are low, iron ore prices, both back, steel industry small profit even loss run for a long time, have to face the dilemma and the norm has become seriously affected the long-term sustainable development of iron and steel industry. This is associated with iron ore supply tight, and with more and more obviously deviates from the spot market fundamentals of supply and demand, increasing financialization of iron ore price index.

Shen Bin urged about it, on the one hand, the steel and mining enterprises should further strengthen communication, to maintain and expand the spot market liquidity, the hybrid index pricing, improving index methodology, improve the index of representative, reduce floating price clinch a deal the weight; , on the other hand, should continue to promote the comprehensive reduce the domestic mining tax and fee burden, moderately increase domestic iron ore supply, promoting development of overseas resources, increase the iron and steel scrap recycling utilization of resources, more measures and promote solving the problem of steel raw material guarantee.

Outlook in the second half, Shen Bin said that in the first half of the iron and steel industry to overcome the outbreak causes difficulties, basic stable production run, economic benefit is significantly lower than last year, but the improvement trend from month to month. In the second half, the toughness and dynamic economic development along with our country further, steel demand is expected to continue to trend rebound, can compensate for falling demand in the first quarter outbreak, positive growth for the whole year.