1.The output reached a record high. From January to June 2013, the country's cumulative production of crude steel was 390 million tons, a year-on-year increase of 7.4%, an increase of 5.6 percentage points over the same period last year. In the first six months, the average daily output of crude steel was 2.154 million tons, equivalent to an annual output of 786 million tons of crude steel. Among them, the highest in history reached 2.208 million tons in February, and although it fell back in March-June, it remained at a high level of over 2.1 million tons. In terms of provinces and regions, from January to June, the output of crude steel in Hebei and Jiangsu provinces increased by 6.8% and 13.2% respectively. The total new output of the two provinces accounted for 42.4% of the national increase of 26.94 million tons, and Shanxi and Liaoning. The increase in production in Henan and Yunnan provinces is also over 1 million tons. In terms of types of enterprises, from January to June, the output of crude steel in key large and medium-sized iron and steel enterprises increased by 5.5% year-on-year, which was lower than the national average growth rate by 2 percentage points, but still 60% of the increase in production came from key large and medium-sized steel enterprises.
2.The steel price is running at a low level. From January to June 2013, the overall performance of the domestic steel market was sluggish. With the substantial release of crude steel production capacity, the market supply and demand have fallen into an unbalanced state, and steel prices have entered a downward channel, which has been weakly depressed for more than four months. As of July 26, 2013, the steel price index fell to 100.48 points, down from 6.6 points at the beginning of the year. The prices of the eight steel products in the key statistics of the Iron and Steel Industry Association have declined to varying degrees compared with the beginning of the year, with an average decline of 5.7%. In terms of varieties, the price of construction wire and rebar, which accounted for a large proportion of China's steel output, fell by 4.9% and 6.7%, respectively, and the prices of plate and hot rolled coil fell by 5.7% and 9.7% respectively.