The Ministry of Industry and Information Technology released on the 24th of the industrial economy in November showed that in November the domestic steel price index rose slightly, iron ore imports rebounded, ore prices fell slightly.
According to the Ministry of Industry and Information Technology, at the end of November, the comprehensive steel price index in the domestic market was 124.51, up 3.19 points from the end of last month. According to the statistics of the Iron and Steel Industry Association, the price per month for 6.5mm general-purpose and 16mm rebar at the end of the month was 4560 yuan and 4552 yuan, up by 220 yuan and 251 yuan from the end of last month; the price of 10mm plate was 4,677 yuan per ton, up by the end of last month. 45 yuan; 0.5mm cold-rolled sheet, 0.5mm hot-rolled sheet price per ton was 5705 yuan and 4982 yuan, compared with the end of last month rose 72 yuan and 25 yuan.
The price of iron ore dropped slightly. In November, China imported 57.38 million tons of iron ore, which was a year-on-year increase of 12.4% and a month-on-month increase of 25.5%. The monthly average import price was US$145/ton, a decrease of US$2.5/ton from the previous month. From January to November, 560 million tons of iron ore was imported, a year-on-year decrease of 0.9%. On November 30th, the price of Indian iron ore fines of 63.5% in Qingdao Port was 1,210 yuan/ton, which was an increase of 55 yuan from the end of last month.
In addition, steel society stocks continue to decline. According to the statistics of the Iron and Steel Industry Association, steel stocks in major cities across the country at the end of November were 13.06 million tons, down by 9% month-on-month. Among them, rebar and wire stocks were 4.21 million tons and 980,000 tons, respectively, a decrease of 16.8% and 22.6% from the previous month; medium plate and hot-rolled plate stocks were 1.37 million tons and 5.02 million tons, respectively, a decrease of 4.3% and 2.5% from the previous month; The inventory of cold-rolled plates was 1.47 million tons, an increase of 1.8% from the previous quarter.
According to data previously released by the Ministry of Industry and Information Technology, the growth rate of China's raw material industry rose slightly in November, and the value-added of raw material industry increased by 10.6% year-on-year, which was 0.4 percentage points higher than that of the previous month. However, the Ministry of Industry and Information Technology also stated that from January to November, the added value of raw material industry increased by 13.2%, which was 2.6 percentage points lower than that of all industries above designated size.