NM500 wear proof steel plate shows a trend of oversupply from January to April in China

On May 29, data from the Ministry of Industry and Information Technology showed that from January to April 2020, the steel industry showed a situation of oversupply, with high output hovering, NM500 wear proof steel plate included. Under the double squeeze of high iron ore price and declining steel price, the economic benefits of the whole steel industry continue to decline.

Data shows that from January to April, the output of pig iron and crude steel in China was 280 million tons and 320 million tons respectively, with a year-on-year growth of 1.3%. The output of NM500 wear proof steel plate and so on steel materials in China was 370 million tons, with a year-on-year drop of 0.2%; the average value of China's steel price index was 100.4 points, with a year-on-year drop of 8.0%; the cumulative export of NM500 wear proof steel plate and so on steel materials was 20601000 tons, with a year-on-year drop of 11.7%; The average price index of iron ore in China was 322.6 points, up 6.9% year on year, and the average price of imported iron ore was 90.4 USD / ton, up 6.9% year on year.