October 25 reported that the British media, said the International Iron and Steel Association published data on the 23rd, due to the major producers of China to increase environmental protection efforts, the reduction of domestic steel mills, global crude steel production in September hit a low since February this year.
According to Reuters, London reported on Nov. 23 that the world's 66 economies, which included the association's statistics, reached 141.4 million tonnes in September, up 5.6 percent from a year earlier, down 2.3 percent from the previous month and hit since February Minimum monthly output.
The association data show that China's crude steel production in September was 71.8 million tons, up 5.3%, but down 3.7% from the previous month.
Reported that China is expected this winter crude steel production will be reduced by 30 million tons or more.
China's official data show that since the beginning of last year, has cut the legitimate steel production capacity of 110 million tons in the first half of this year to ban 'bar steel' production capacity of 120 million tons, its production cuts eventually led to the current production data began to decline.
According to Reuters London, October 10, sources and experts say China's cut production capacity to promote the global steel industry from the downturn caused by overcapacity recovery, but this recovery is facing danger, because the Middle East and Asia, excess capacity is increasing The
According to the latest estimates of the Iron and Steel Council of the Organization for Economic Co-operation and Development (OECD), global steel production capacity in the first half of 2017 was 2.36 billion tonnes, only slightly below the 23.7 billion tonnes in the same period in 2016.
The figures say that the figures are constantly revised and may not reflect the full range of capacity cuts, but he also said that the overall situation of global overcapacity is worrying.
'The excess capacity is still at a high level of concern.' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '' '
According to the OECD's steel production capacity report, about 23 million tons of new capacity in the Middle East is in the construction stage, which will be put into operation from 2017 to 2019, and the project will be increased by 7 million tons Capacity.
Reported that, in view of the International Iron and Steel Association is expected in the Middle East this year, steel demand will only grow a total of 3.7 million tons, these new capacity will be part of the export.
Iran said it was the first time last year to become a net exporter of steel, said the plan to 2025 years ago to achieve an annual output of 20 million to 25 million tons of steel, equivalent to about one-third of China's exports this year.
'Frankly, the increase in capacity in any region poses a significant risk to future steel pricing and profitability,' said Alistair Ramsay, director of research at American Metal Quotes Research.
Reported that the experts said that in order to meet the demand and continued profit, the steel industry in the current annual output of 1.63 billion tons on the basis of at most only 400 million tons of idle capacity.But the global production potential of 2.36 billion tons, the industry idle Production capacity of about 730 million tons.However, OECD's report shows that a total of nearly 40 million tons of additional capacity may be put into operation in 2017 to 2019, including the Middle East and parts of Asia, additional production.
Reported that the report also shows that according to plan may be built during this period the project will increase 54.5 million tons of production capacity, mainly in Asia, there are some in the Middle East, Africa, Russia and Ukraine.
"We expect global demand growth to be insufficient to provide a reasonable basis for new capacity in the OECD report," says Chris Holdon, an analyst at the British Commodity Research Institute. "However, a number of individual investments are still meaningful, as long as they cost Very low, or in order to supply the local market.
Information picture: The steel industry is Hebei to resolve the excess capacity and promote the focus of pollution control. The picture shows the demolition of the steel plant in Handan City blast furnace site.
