Some data on China's steel market in the first quarter of 2021, will this affect the bearing market?

According to the information released by the National Development and Reform Commission, from January to April, the running of the steel industry is as follows:

1. The output of steel has increased rapidly. According to data released by the National Bureau of Statistics, the national output of iron, crude steel, and steel from January to April was 306.64 million tons, 374.65 million tons, and 452.53 million tons, respectively, up by 8.7%, 15.8% and 20.1% year-on-year.

2. The import and export of steel products increased significantly. According to data from the General Administration of Customs, from January to April, a total of 25.65 million tons of steel was exported, a year-on-year increase of 24.5%; a total of 4.89 million tons of steel was imported, a year-on-year increase of 16.9%.

3. Steel prices continue to rise. According to the monitoring of the China Iron and Steel Association, at the end of April, China's steel composite price index was 148.88 points, an increase of 12.60 points from the end of March, an increase of 9.25%; a year-on-year increase of 52.26 points, an increase of 54.09%.

4.The efficiency of the enterprise has increased substantially. From January to April, according to the key statistics of China Iron and Steel Industry Association, steel enterprises achieved operating income of 218.33 billion yuan, a year-on-year increase of 55.5%; realized profits and taxes of 166.51 billion yuan, a year-on-year increase of 195.5%; realized profits of 123.9 billion yuan, a year-on-year increase of 293.0%; sales profit margin was 5.7 %, an increase of 3.4% over the same period last year.

5. Steel stocks have dropped significantly. In late April, the China Iron and Steel Industry Association’s key statistics on steel companies’ steel inventory was 13.414 million tons, a decrease of 1.293 million tons or 8.8% from the end of March; an increase of 1.793 million tons or 15.4% from the beginning of the year; a decrease of 1.315 million tons from the same period last year , a decrease of 8.9%.

6. The price of imported ore is running at a high level. According to data from the General Administration of Customs, from January to April, the national import volume of iron ore and its concentrate was 381.97 million tons, an increase of 6.7% year-on-year, with an import value of 385.7 billion yuan. Based on this calculation, from January to April, the national average import price of iron ore and concentrates was RMB 1,010/ton. Among them, the national import volume of iron ore and its concentrate in April was 98.57 million tons, a year-on-year increase of 3.1%, and the import volume was 105.1 billion yuan. Based on this calculation, the national average import price of iron ore and its concentrates in April was 1,066 yuan/ton, an increase of 2.8% from the average price in March.