Vice President and Secretary-General of the China Steel Association Qu Xiuli said in the October 31 quarterly information conference, this year, China's steel industry operating environment is more severe, the production and operation of enterprises facing weakening downstream demand, falling steel prices, rising raw fuel costs and other challenges. From the first three quarters, China's steel industry market demand is relatively weak, steel production, steel import and export, steel prices are down year-on-year, the economic benefits of steel enterprises fell year-on-year, but the asset position is relatively good, energy saving and emission reduction effect is obvious.

Data show that the first three quarters, the country's cumulative steel production of 781 million tons, down 3.4 percent ; pig iron production of 656 million tons, down 2.5 percent ; steel production of 1.006 billion tons, down 2.2 percent year-on-year. Among them, in July, the national average daily steel production of 2.63 million tons, the lowest level in the year. With China's economic recovery to improve, market expectations improve, August-September, the national average daily steel production rebounded from the ring. According to the China Steel Association estimates, the first three quarters, China's apparent steel consumption of about 741 million tons, down 4.2 percent year-on-year. General Administration of Customs data show that the first three quarters, the country's total exports of 51.21 million tons of steel, down 3.4 percent year-on-year; imports of steel 8.34 million tons, down 22.1 percent ; imports of iron ore 823 million tons, down 2.3 percent year-on-year.

On the price side, according to the China Steel Association monitoring, the first three quarters, China Steel Price Index (CSPI) average of 126.90 points, down 11.42 percent year-on-year. From the monthly situation, January-April rose slightly, May-July continued to fall, August-September to stabilize. end of September, China Steel Price Index (CSPI) of 112.76 points, down 1.41 percent , down 14.38 percent from the beginning of the year, down 28.50 percent .