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Operation of China's iron and steel industry from January to December 2020

 
The operation of China's iron and steel industry from January to December 2020 is as follows:
The export of steel decreased and the import increased significantly. According to the data of the General Administration of Customs, from January to December 2020, China exported 53.671 million tons of steel, a year-on-year decrease of 16.5%; from January to December 2020, China imported 20.233 million tons of steel, a year-on-year increase of 64.4%.
 
The average price of steel decreased slightly. The average value of China's steel price index from January to December 2020 was 105.57 points, a year-on-year decrease of 2.2%.
 
The benefit of steel enterprises increased.
 
Steel inventory increased slightly. The social stock of five kinds of steel products (rebar, wire rod, hot rolled coil, cold rolled coil and medium and heavy plate) in major cities of China reached the peak of 20.21 million tons in the first ten days of March 2020, and then fluctuated and dropped to 7.3 million tons at the end of December, an increase of 7% over the beginning of the year and a decrease of 63.9% over the peak.