1.325 Billion Tons! In 2020, China's Steel Output Hit A New High!
On February 5, the Ministry of Industry and Information Technology announced the operation situation of the steel industry from January to December 2020. According to the published data, from January to December in 2020, the output of pig iron, crude steel and steel were 888 million tons, 1.053 million tons and 1.325 million tons, respectively, up by 4.3%, 5.2% and 7.7% year on year, again hitting a record high.
It is understood that from January to December in 2020, China imported 20,233,000 tons of steel, up 64.4% year on year, with an average price of 831.6 dollars/ton.In the same period, China exported 536.71 million tons of steel, down 16.5% year on year, with an average price of 847.2 dollars/ton.
According to data from China Iron and Steel Association, from January to December in 2020, China's steel composite price index averaged 105.6 points, down 2.2% year on year.From January to August in 2020, steel prices are lower than last year. Since May, they have been picking up month by month. After entering the fourth quarter, the year-on-year increase has increased, rising to the highest level in the year.At the end of December 2020, China's steel composite price index was 124.5 points, up 17.4% year on year.
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