A, crude steel production year-on-year continued to decline.Since July, crude steel production for three consecutive months to maintain a year-on-year decline.According to the National Bureau of Statistics, in September, the national crude steel production of 73.75 million tons, down 21.2% year on year;Pig iron output was 65.19 million tons, down 16.1% year on year.Steel output was 101.95 million tons, down 14.8 percent year on year.From January to September, the national cumulative crude steel output of 806 million tons, up 2.0% year on year;Pig iron output totaled 671 million tons, down 1.3% year on year.The cumulative steel production reached 1.02 billion tons, up 4.6% year on year.

Second, steel prices high shock.Steel prices remain high, but generally stable.At the end of September, the domestic steel composite price Index stood at 157.70 points, up 4.4% month-on-month and 48.8% year-on-year, and down 17.11 points, or 9.8%, from its mid-May high of 174.81 points, according to cISA.

Three, steel exports fell.According to the General Administration of Customs, in September, China exported 4.92 million tons of steel, up 28.5% year on year, down 13.3%;Imported steel was 1.26 million tons, down 56.3% year on year and up 18.2% month on month.From January to September, China exported 53.02 million tons of steel, up 31.3% year on year;A total of 10.72 million tons of imported steel, down 28.9 percent year on year.

Four, iron ore price reasonable return, but coke price increase is larger.According to the General Administration of Customs, the average price of imported iron ore was us $177.4 per ton in September, up 60.1% year on year, down US $30.2 per ton, or 14.5%, from the peak of US $207.6 in August.From January to September, China imported 842 million tons of iron ore, down 3.1% year on year, and the average price was 179.1 USD/ton, up 81.3% year on year.According to the China Coking Industry Association, the average price of coke with particle size larger than 40 mm was 4,054 yuan per ton in September, up 107.37 percent year on year.From January to September, the average price of coke with particle size greater than 40 mm was 2,798 yuan/ton, up 51.65% year-on-year.

Fifth, steel inventory declined slightly.Steel market supply is basically sufficient, enterprise inventory slightly increased, social inventory slightly decreased.According to the Statistics of China Iron and Steel Association, in late September, the steel inventory of key statistics enterprises was 11.95 million tons, up 3.1% from the same period last year, and down 11.0% from the late August.The social inventory of five varieties of steel in 20 cities was 10.65 million tons, down 12.9% from the same period last year, and down 9.3% from late August.

6. Maintaining a high level of corporate efficiency.According to China Iron and Steel Association (CISA), in September, key statistical enterprises achieved operating revenue of 619.6 billion yuan, up 36.7% year on year;The total profit reached 29.36 billion yuan, up 27.7% year on year.From January to September, the cumulative operating revenue of key enterprises reached 5.30 trillion yuan, up 42.5% year on year.The accumulated profit totaled 319.35 billion yuan, up 123.2% year on year.