March 11th Steel Industry Intelligence

1.On March 11th, the steel index of Shengyi Society was 840
On March 11th, the Shengyi Steel Index was 840 points, unchanged from yesterday, a decrease of 45.95% from the highest point of 1554 points during the cycle (May 13, 2021), and an increase of 70.39% from the lowest point of 493 points on December 20, 2015. (Note: The cycle refers to the period from December 1, 2011 to present)

2. Business Society: Stainless steel warehouse receipts fell on March 10th on the Shanghai Futures Exchange
On March 10th, the Shanghai Futures Exchange reported 11653 tons of stainless steel in the Guangdong region, unchanged from the previous day; The total inventory of stainless steel in Jiangsu region is 40002 tons, a decrease of 238 tons from the previous day; A total of 51655 tons, a decrease of 238 tons from the previous trading day.
3. Key words of the 15th Five Year Plan: Traditional industries are not "traditional", steel and petrochemical industries will embrace a new positioning of "world-class"
Yuan Da, Secretary General of the National Development and Reform Commission, stated in response to a reporter's question that for "traditional" industries, efforts should be made to accelerate optimization and improvement. Adhere to the policy of separating industries, strengthen and optimize high-quality steel bases, first-class petrochemical bases, high-end shipbuilding and marine engineering equipment bases, promote innovation in the entire industrial chain of machinery and equipment, and expand the supply of high-quality products such as light industry and textiles.
4. General Administration of Customs: China's cumulative steel exports in January and February 2026 have decreased year-on-year
According to data from the General Administration of Customs, China's cumulative steel exports in January and February 2026 amounted to 15.591 million tons, a year-on-year decrease of 8.1%. From January to February, China imported a total of 827000 tons of steel, a year-on-year decrease of 21.7%. From January to February, China imported a total of 210023 million tons of iron ore and concentrate, a year-on-year increase of 10.0%. From January to February, China imported a total of 77.222 million tons of coal and lignite, a year-on-year increase of 1.5%.