China Steel Association: the first three quarters of the smooth operation of the steel industry, still can not be blindly optimistic.

Reporters from the China Iron and Steel Industry Association held a press conference on October 31, learned that in the first three quarters of this year, the operation of the steel industry has made a stable situation for many years, but the debt rate is still high, but also to guard against blind expansion, not blindly optimistic.

According to the China Steel Association, in the first three quarters of the year, China produced 579 million tons of pig iron, 699 million tons of crude steel and 821 million tons of steel, up 1.19%, 6.07% and 7.21% respectively.

In the first three quarters, steel prices remained at a reasonable level. Since the beginning of this year, the iron and Steel Association CSPI China steel price index has basically fluctuated between 110 -120 points. At the end of 9, the index was 121.64 points, up 6.87% over the same period last year.

Iron ore market order has improved markedly. 1 to September, the country imported 8 million tons of iron ore, down 1.6% from the same period last year, the amount of 55 billion 800 million US dollars, down 5.4% from the same period last year.

The economic efficiency of enterprises continued to improve. From January to September, member steel enterprises realized sales revenue of 3.06 trillion yuan, an increase of 14.47%; realized profits and taxes of 346.681 billion yuan, an increase of 68.20%; realized total profits of 229.963 billion yuan, an increase of 86.01%.

The level of energy conservation and environmental protection has also been improved. From January to September, the total amount of effluent from member iron and steel enterprises decreased by 1.13%, sulfur dioxide and smoke decreased by 12.57%, 8.64% and 7.46% respectively. The consumption of fresh water per ton of steel decreased by 5.52% and the comprehensive energy consumption per ton of steel decreased by 2.77%.

Asset liability ratio continued to decline. At the end of 9, the assets and liabilities ratio of member iron and steel enterprises was 66.11%, down 3.91 percentage points compared with the same period last year.

Liu Zhenjiang, Secretary-General and Secretary-General of the Party Committee of the China Steel Association, pointed out that the iron and steel industry has been running smoothly and achieved good results since this year, but there are still some problems that need to be paid attention to by the whole industry. First, the international trade environment has changed significantly; second, the impulse to expand production capacity driven by profits; third, the assets and liabilities of the iron and steel industry. The rate is still high; the four is blindly optimistic about the improvement of efficiency.

Liu Zhenjiang said that the steel industry should pay special attention to the market changes in the fourth quarter and take initiative to take measures to meet the challenges; carefully investigate the structural changes in the demand of the steel industry next year, especially the early study of countermeasures for large-scale varieties whose demand may be weakened; deepen the structural reform on the supply side to maintain the basic balance between supply and demand, and through joint efforts Group to accelerate the adjustment of industrial layout; actively maintain the smooth operation of the industry, promote the continuous improvement of operational quality, regional large enterprises continue to play the role of market stabilizer, maintain market stability; adhere to the concept of green development, further enhance the level of green development of the industry; accurately grasp the transformation and upgrading strategy and path, and strive to promote Enter the iron and steel industry to transform to high quality development. (source: China Securities Net)