China's steel industry capacity utilization rate is lower than the global average

On December 3rd, inspector Xiong Bilin of the Department of Industry Coordination of the National Development and Reform Commission stated at the press conference that from January to October, China had cumulatively produced 472 million tons of crude steel, a year-on-year increase of 10.5%; while global crude steel production during the same period was 982 million tons, which was a year-on-year decrease. 13.5%. The utilization rate of China's steel production capacity is 75.8%, which is 2.4 percentage points lower than the global average. At the same time, there is a huge capacity under construction and proposed capacity.

Xiong Bilin said that China’s steel industry currently has 660 million tons of production capacity, and another 58 million tons are under construction. The cumulative production capacity will exceed 700 million tons. Under such circumstances, if the project of 10 million tons of fine steel such as Zhanjiang Port is started, it may be detrimental to the development of the steel industry.

In addition, Xiong Bilin also disclosed that 70 key large and medium-sized enterprises in China have turned deficits since May, with profit from July to August exceeding RMB 10 billion, and cumulative profits from January to October totaling RMB 37.585 billion. The overall operating conditions of enterprises are better than those at the beginning of the year.

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After the automatic transformation of the ordinary packaging machine, the efficiency of the Automatic Packing Machine has been improved obviously. The original packaging machine needs a person to control, after the transformation, a worker can simultaneously control two packing machines. At the same time, packing machine after modification greatly improves machining precision caused by human error rejection rate decreased significantly. Moreover, the labor intensity of workers is reduced, labor force is saved, the trial production cycle and production cycle of new products are shortened, and great economic benefits are brought to enterprises.

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