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The Profit Increase Of Tons Of Steel Pushes Up The Capacity Utilization Rate
- Feb 10, 2019 -

According to recent statistics from the National Bureau of Statistics, in the fourth quarter of 2018, the national industrial capacity utilization rate decreased compared with the same period of last year, but the ferrous metal smelting and rolling processing industry is still rising.

In 2018, the national capacity utilization rate was 76.5%, which was 0.5 percentage points lower than that in 2017.According to the breakdown of the published data, the utilization rate of ferrous metal smelting and rolling processing industry in the fourth quarter was 77.7%, up 0.7 percentage points year-on-year, and 78% for the whole year increased by 2.2 percentage points over the previous year. The growth in segmentation data ranks second.

It is worth noting that the mining industry's industrial capacity utilization rate in the fourth quarter was 70.2%, down 2.2 percentage points year-on-year.From the data alone, the impact of coal mine capacity utilization and decline on the entire mining industry is very obvious. Although iron ore is in the second place, it also contributes a certain decline.

The annual utilization rate of ferrous metal smelting and rolling processing industry is 2.2 percentage points higher than last year. On the one hand, there are cumulative components of environmental degradation in each quarter.On the other hand, since the second half of last year, the Chinese steel industry has entered a cycle of high profits per ton of steel.According to Golden LIAN's annual calculation, the average profit level of crude steel in 2018 is 606 yuan/ton, and it is nearly 1,000 yuan when it is high. It also has a negative value when it is low.However, in general, the long-term stability of profits is running at a relatively high level, which has become the most important internal factor for the production enterprises to increase their capacity utilization.

From the performance of capacity utilization rate this year, since the second quarter reached a high level, the trend has continued to decline in the third and fourth quarters.The profit changes in the steel industry are also very consistent with this performance, and the overall trend is also the end contraction.From the performance change of capacity utilization, it can clearly reflect the development status of the industry and the performance of the industry.