CISA:Chinese steel industry continues to face many pressures

Wednesday, 06 May 2015 14:01:03 (GMT+3)   |   Shanghai
       

According to a new report issued by the China Iron and Steel Association (CISA) on May 6, in the first quarter of the current year China produced 177 million mt of pig iron, down 2.3 percent, while it imported 227.06 million mt of iron ore, up 2.4 percent, both year on year. As the end of April, inventories of imported iron ore at ports in China amounted to 95.07 million mt, down 5.05 percent year on year.
 
Meanwhile, the composite steel price index (CSPI) for the Chinese domestic market was at 73.19 points at the end of April, down 2.24 points or 2.97 percent month on month.

The CISA foresees that China's steel industry will continue to face many pressures due to slower economic growth, slack demand for finished steel and slow growth of apparent crude steel consumption, against the backdrop of increased environmental protection measures, which will limit the rebound of iron ore prices in the coming period. 


Similar articles

Ukraine’s ArcelorMittal Kryvyi Rih posts lower pig iron output due to Russia’s attacks on energy infrastructure

21 Mar | Steel News

Ukraine’s ArcelorMittal Kryvyi Rih posts increased outputs for January

01 Mar | Steel News

Metinvest’s pig iron and crude steel output down in 2023

21 Feb | Steel News

ArcelorMittal Kryvyi Rih’s capacity usage at 25-40% in 2023 due to impact of war

25 Jan | Steel News

Ukraine lobbies for ban on Russian pig iron and iron ore imports in EU’s 12th sanctions package

30 Nov | Steel News

Ukraine’s Metinvest sees lower pig iron and crude steel outputs in Jan-Sept

16 Nov | Steel News

Magnum and Midmetal to explore green pig iron production in S. Arabia

03 Nov | Steel News

Russia officially imposes export duties for most steel and raw materials until end of 2024

21 Sep | Steel News

Mechel’s output and sales mainly decrease in H1

31 Aug | Steel News

Metinvest’s pig iron and crude steel output fall in H1

18 Aug | Steel News