1-5 months, the steel industry gradually get rid of the impact of the epidemic, production and sales basically back to normal, the overall situation to maintain stable operation. By the steel prices fell and imported iron ore prices rose double squeeze, the industry's economic benefits appear larger slippage.

　　First, the production maintains a high level

　　According to the National Bureau of Statistics data, in May, the national pig iron, crude steel, steel production were 77.32 million tons, 92.27 million tons, 114.53 million tons, an increase of 2.4%, 4.2%, 6.2% year-on-year. 1-5 months, the national production of pig iron, crude steel, steel production of 360 million tons, 410 million tons, 490 million tons, an increase of 1.5%, 1.9%, 1.2%. .

　　Second, steel prices continue to decline

　　In May, the average value of China's steel price index was 99.8 points, a year-on-year decline of 10.8%. 1-5 months, the average value of China's steel price index was 100.3 points, a year-on-year decline of 8.3%, the rate of decline over the first quarter to expand by 2.6 percentage points.

　　Third, steel inventories continue to decline

　　According to the China Iron and Steel Industry Association statistics, in late May, the key statistics of steel inventory 13.28 million tons of steel enterprises, compared with the peak inventory in early March, a decrease of 8.13 million tons, a decline of 38.0%. 20 cities 5 varieties of steel social inventory of 13.12 million tons, compared with the peak inventory in early March, a decrease of 7.09 million tons, a decline of 35.1%, for 8 consecutive days of a downward trend.

　　Fourth, the export situation remains critical

　　According to the General Administration of Customs statistics, in May, the country's cumulative exports of steel 4.401 million tons, a year-on-year decline of 23.4%; imports of steel 1.280 million tons, an increase of 30.3% year-on-year. 1-5 months, the cumulative total of exports of 25 million tons of steel, a year-on-year decline of 14.0%; imports of 5.464 million tons of steel, a year-on-year increase of 12.0%.

　　Fifth, iron ore prices continue to climb

　　In May, the average value of China's iron ore price composite index was 335.6 points, an increase of 8.6%; of which the average value of the imported iron ore price index was 339.0 points, an increase of 10.1%.1-May, China's iron ore price composite index average value of 325.2 points, an increase of 4.3%; of which the average value of the imported iron ore price index was 326.3 points, an increase of 2.0%.

　　Sixth, the economic benefits fell sharply

　　According to the National Bureau of Statistics data, in May, ferrous metal metallurgy and rolling processing industry operating income of 604.65 billion yuan, down 0.9% year-on-year; realize profits of 18.70 billion yuan, down 50.6% year-on-year. 1-5 months, ferrous metal metallurgy and rolling processing industry operating income of 254.69 billion yuan, down 6.0% year-on-year; realize total profits of 49.33 billion yuan, down 57.2% year-on-year. 57.2%.

　　Seven, ferrous metal ore mining and processing industry a standout

　　According to the National Bureau of Statistics data, from January to May, ferrous metal mining and processing industry operating income of 135.91 billion yuan, up 1.0% year-on-year; total profits of 10.18 billion yuan, an increase of 20.9% year-on-year, an increase of 68.7 percentage points over the first quarter expansion.