In May, total steel production reached 1.285 million tons (a year-on-year increase of 5.7%), and total sales reached 1.263 million tons (a year-on-year increase of 5.1%), with high-end products such as aluminum and copper accounting for more than 60%; the export share increased to 21.9%.
一、Production situation
(I) Overall output
In May, the production situation of Shanxi Tisco Steel Group Co., Ltd. was stable, and the total output of major metal products reached 1.285 million tons, a month-on-month increase of 3.2% and a year-on-year increase of 5.7%. The production of various products was connected in an orderly manner, laying a solid foundation for achieving the monthly production and sales targets.
(II) Output of each product
| Product type |
Sales volume (10,000 tons) |
Month-on-month growth |
Year-on-year growth |
Sales revenue (100 million yuan) |
Key markets |
| Aluminum |
23.8 |
4.1% |
6.9% |
34.2 |
Using a new electrolysis process, energy consumption is reduced by 8.3% |
| Copper |
18.6 |
2.7% |
3.5% |
48.7 |
The high-precision copper strip project was put into production, increasing production capacity by 15% |
| Stainless Steel |
45.2 |
5.3% |
7.2% |
87.3 |
High-end cold-rolled stainless steel plate production accounts for 62% |
| Carbon Steel |
40.9 |
1.8% |
4.1% |
52.6 |
High-strength construction steel production increased by 12% |
(I) Overall sales volumeIn May, the company's metal product sales situation was good, with total sales reaching 1.263 million tons, a month-on-month increase of 2.9% and a year-on-year increase of 5.1%. Domestic market sales were 987,000 tons, international market sales were 276,000 tons, and exports accounted for 21.9%.
(II) Sales and revenue of each product
| Product type |
Sales volume (10,000 tons) |
Month-on-month growth |
Year-on-year growth |
Sales revenue (100 million yuan) |
Key markets |
| Aluminum |
22.5 |
3.8% |
6.5% |
34.2 |
Orders in the field of lightweight automobiles increased by 23% |
| Copper |
18.2 |
2.3% |
3.1% |
48.7 |
Orders in the power industry accounted for 45% |
| Stainless Steel |
44.8 |
5.1% |
6.9% |
87.3 |
Sales in the European market increased by 18% |
| Carbon Steel |
40.8 |
1.7% |
3.9% |
52.6 |
Domestic infrastructure project orders are full |
At the end of May, the total inventory of the company's main metal products was 247,000 tons, a decrease of 32,000 tons from the end of the previous month, a decrease of 11.4% month-on-month. The inventory of each product is controlled at a reasonable level, as follows:
- Aluminum inventory: 42,000 tons, a decrease of 14.3% month-on-month
- Copper inventory: 35,000 tons, a decrease of 9.1% month-on-month
- Stainless steel inventory: 89,000 tons, a decrease of 12.7% month-on-month
- Carbon steel inventory: 81,000 tons, a decrease of 8.8% month-on-month
四、Market Analysis
(I) Domestic Market
1. Demand
- Aluminum: Strong demand in new energy vehicles and photovoltaic industries drives the growth of demand for aluminum profiles and aluminum foil.
- Copper: Accelerated power investment, power grid transformation and new energy power station construction drive the recovery of copper demand.
- Stainless steel: Demand in the building decoration, kitchenware and tableware industries grows steadily, and demand for high-end stainless steel is prominent.
- Carbon steel: Infrastructure projects are accelerating, and demand for construction steel continues to be released.
2. Price
- Affected by the release of electrolytic aluminum production capacity, the price of aluminum has slightly adjusted, but it is still at a high level.
- Copper prices are supported by global inflation expectations and tight supply, and maintain a volatile upward trend.
- Stainless steel prices are slightly affected by fluctuations in the prices of raw materials nickel and chromium.
- Carbon steel prices have risen slightly due to cost-driven and demand recovery.
(II) International Market1. Demand
- Aluminum: European and American manufacturing industries are recovering, and demand in the automotive and aerospace sectors is growing.
- Copper: Global green energy transformation is accelerating, and demand in the electric vehicle and renewable energy sectors is strong.
- Stainless steel: Infrastructure projects in Southeast Asia are advancing, driving the growth of stainless steel demand.
- Carbon steel: The industrialization process of emerging economies is accelerating, driving the demand for carbon steel.
2. Price
- International aluminum prices are affected by energy prices and supply-side disturbances, and fluctuate greatly.
- Copper prices remain high due to global liquidity easing and supply shortages.
- Stainless steel prices are affected by international raw material prices and trade policies, and the trend is differentiated.
- Carbon steel prices are affected by changes in the supply and demand pattern of the international steel market and fluctuate slightly.
五、Future Outlook
(I) Market Trend Forecast
- Aluminum: With the increase in the penetration rate of new energy vehicles and the acceleration of lightweight trends, the demand for aluminum will continue to grow.
- Copper: The global green energy transformation and infrastructure construction will support the long-term improvement of copper demand.
- Stainless steel: The upgrading of high-end manufacturing and consumer goods will promote the upgrading of the demand structure of stainless steel.
- Carbon steel: Domestic infrastructure investment and the recovery of the manufacturing industry will drive the steady growth of carbon steel demand.
(II) Company Development Plan
- Production: Continue to optimize the product structure, increase the proportion of high-end products, and plan to put into production a 150,000-ton high-end stainless steel production line in the second half of the year.
- Sales: Strengthen domestic and foreign market development, deepen cooperation with strategic customers, and expand emerging market channels.
- R&D: Increase investment in the research and development of new technologies and new products, and focus on the development of new materials such as high-strength aluminum alloys and high-conductivity copper alloys.
(III) Goals and Measures
- Goal: Achieve annual sales of 15 million tons of metal products and sales revenue of 180 billion yuan.
- Measures:
- Strengthen market research and judgment, and flexibly adjust marketing strategies.
- Promote intelligent manufacturing and improve production efficiency and product quality.
- Strengthen industrial chain coordination and ensure a stable supply of raw materials.
