The Ministry of Industry and Information Technology website announced on the 29th the operation of the steel industry in 2011. In the first half of 2011, China's steel output maintained a high growth, steel prices fluctuated upward, and exports increased slightly. In the second half of the year, especially in the fourth quarter, the downward pressure on the economy gradually increased, and the indicators of production and operation went down month by month, making the industry more difficult to operate. The Ministry of Industry and Information Technology stressed that in 2012, we should start from the upstream and downstream cooperation, strengthen the coordination between the steel industry and the downstream industry, and jointly promote product upgrades. Strengthen cooperation between the steel industry and the downstream steel industry, establish a cooperative promotion mechanism for steel for ships, steel for home appliances, and steel for electric appliances, and focus on promoting the industrialization of corrosion-resistant steel for cargo tanks of oil tankers, cold-rolled sheets for home appliances, and non-oriented silicon steel sheets. Promote the application and promote the use of steel for reduction. The data shows that in 2011, the output of crude steel in key large and medium-sized steel enterprises increased by 5% year-on-year, which was lower than the national average growth rate by 3.9 percentage points, while other small and medium-sized enterprises increased substantially. The output of long products and plates was 400 million tons and 390 million tons respectively, up 15% and 8.6% respectively over the same period of the previous year, accounting for 45.7% and 44.2% respectively of the total steel products, up 1.1 percentage points over the same period of the previous year. And reduce by 1.5 percentage points. Overall, the overall level of steel prices in 2011 was higher than that of 2010, showing a volatile operating trend. The amplitude of most varieties was around 15%, and it was in a pattern of “long-term weakâ€. According to the Ministry of Industry and Information Technology, in order to maintain market share and production marginal benefit factors, iron and steel enterprises have insufficient willingness to actively reduce production. Under the background of weakening domestic and international demand, the excessively released production capacity has highlighted the contradiction between supply and demand. After the reduction in steel demand, reducing production is one of the important ways to reduce supply and avoid sharp fall in prices, ensure the normal operation of the industry, and alleviate the contradiction between supply and demand. The Ministry of Industry and Information Technology expects that the steel market demand will further weaken due to the slow recovery of the world economy and the slowdown of China's economic growth. In 2012, the growth rate of steel consumption declined slightly. The apparent consumption of crude steel for the whole year was 690 million tons, and the output of crude steel was 730 million tons, an increase of about 7%. The annual steel export is maintained at 50 million tons and the import is about 15 million tons. Iron ore imports increased to 730 million tons, and prices have fallen from the previous year. Domestic steel prices remain weak, and the high point during the year is hard to exceed the 2011 high, and steel prices will be characterized by low and high.
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