In the first quarter, the country’s crude steel output was 174.22 million tons, an increase of 2.5% year-on-year, and the growth rate was 6.2% lower than the same period of last year. The output of steel products was 222.46 million tons, an increase of 6.5%, which was 7.2% slower. The output of coke was 107.77 million tons, an increase of 6.5%, which was 6.1 percentage points lower. Ferroalloy production amounted to 7.07 million tons, an increase of 10.5%, slowing by 11%. The import of iron ore was 18762 tons, an increase of 6%. Steel exports 12.15 million tons, an increase of 15.8%; imports 3.41 million tons, a decrease of 18.4%. Billets imported 110,000 tons, a decrease of 42.5%. The export of coke was 250,000 tons, down 79.3%.

Steel prices rebounded slightly. In March, the average price index of steel prices in the domestic market was 120.33, a rise of 1.25 points from the previous month and a decrease of 11.29 points from the same period of last year. The average price of 6.5mm high-wire, 20mm plate, and 1.0mm cold-rolled coil was 4,377 yuan/ton, 4,427 yuan/ton and 5,197 yuan/ton, up by 2.2%, 3%, and 0.2% from the previous month, respectively, down year-on-year. 7.7%, 9.6% and 7.9%

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