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Spring production is too fast will lead to late steel prices rise difficult

According to statistics released by the National Bureau of Statistics, China's total crude steel output -in the first quarter of 2017 was 2.01 billion tons, up 4.6% year on year. Among them, crude steel pro-duction in March was 72 million tons, up by 1.8% year on year. Crude steel production was 129.9 mi-llion tonnes, up 6.2 percent year on year. According to this calculation, the first quarter of this year, China's crude steel production increased by 8.79 million tons over the same period last year; of whi-ch, crude steel production in March increased by 1.29 million tons over the same period last year; 1 ~ 2 cumulative crude steel production increased by about 7.5 million tons
The World Steel Association (WSA) released statistics show that the total share of about 99% of the world's 67 steel-producing countries or regions in the first quarter of 2017 total crude steel output of 410.5 million tons, an increase of 5.7%; , Crude steel production in March was 145 million tons, an i-ncrease of 4.6%; 1 to 2 months total crude steel production was 266.6 million tons, an increase of 6.3%. According to this calculation, the first quarter of this year, 67 steel-producing countries or regio-ns, crude steel production increased 22.23 million tons over the same period last year; of which cru-de steel production in March increased by 6.39 million tons over the same period last year; An incre-se of 15.84 million tons last year.

Compared to China and the world's 67 steel producing countries or regions of the above data we ca-n see that as early as January to February this year, China and most of the world's steel production countries, iron and steel enterprises continue to heavy volume production, making its crude steel pr-oduction year on year growth rate Have reached more than 6 percentage points. Although China's c-rude steel production growth is slightly lower than the global average growth rate, but due to China's huge steel production base, and the growth of domestic steel demand is far less than the growth of -steel supply, while China's steel exports seriously shrinking, Market steel inventories rose sharply, s-teel prices higher and weak, the price rise from the situation is about to rise. Thus, in March the pace of China's steel production slowed down, making its crude steel production growth rate fell to 2 perc-entage points below. In the Chinese steel production under the influence of slowing down the impactof global crude steel production growth rate fell to 5 percentage points below.



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