China's steel output in 2023 is expected to be about 10.2 billion tons, and the operation is generally stable

China News Service, Beijing, January 1 (Reporter Ruan Yulin) Tan Chengxu, president of China Iron and Steel Association, said at the sixth meeting of the sixth general meeting of the China Iron and Steel Association held in Beijing on the 12th that over the past year, China's steel industry has been running smoothly and has taken solid steps in high-quality development. It is estimated that in 12, the national steel output will be about 2023.10 billion tons, basically the same as the same period last year.

According to the data, in the first 2023 months of 11, the national steel output was 9 million tons, a year-on-year increase of 52.1%, the pig iron output was 5 million tons, a year-on-year increase of 8.10%, the steel output was 1.8 billion tons, a year-on-year increase of 12.53%, and the apparent consumption of crude steel was 5 million tons, a year-on-year decrease of 7.8%. It is estimated that in 74, the national steel output will be about 1.9 billion tons, basically the same as the same period last year, and the apparent consumption of crude steel will be about 2023 million tons, a slight decrease year-on-year.

In the same period, the structure of steel consumption has changed, new demand for steel such as new energy steel driven by green and low-carbon has increased, and the demand for traditional steel such as automobiles, shipbuilding, and home appliances has improved. The steel industry actively adjusted the variety structure to meet the downstream demand.

Tan Chengxu said that in 2024, the international and domestic situation facing China's steel industry will still be complex and severe, with opportunities and challenges coexisting. The opportunity comes from the rebound of China's economy, the advantages of the super-large-scale market and the potential of domestic demand provide a broad space for the development of the steel industry; the challenge comes from the lack of effective demand, the rapid release of production capacity, the weak social expectations, and the hidden risks still exist, and efforts are still needed to improve the dynamic adaptability of steel supply and demand.

Tan Chengxu stressed that the steel industry should give full play to its subjective initiative, strictly control the expansion of production capacity, implement output regulation and control, carry out collaborative self-discipline, and strive to form a higher level of dynamic balance between demand and supply and demand. (ENDS)