Electric Furnace Production Resumptions and Cuts Coexist, Profitability Becomes Key Going Forward

From January to April, Ningxia's above-scale industrial raw coal production reached 33.8928 million mt, up 2.4% YoY. Of this, general bituminous coal was 31.406 million mt, down 0.4%; coking bituminous coal was 2.2949 million mt, up 72.5%; anthracite was 191,800 mt, down 13.4%. From January to April, Ningxia's above-scale industrial raw coal sales volume was 18.8748 million mt, up 15.7% YoY. As of month-end in April, the region's raw coal production inventory was 2.1108 million mt, with inventory turnover days at 13 days, down 65.1% YoY.

According to Houzhong Mengzhuang, the key investment attraction project of Mengzhuang Town — Henan Jinyu Special Steel Pipe Co., Ltd.'s annual 100,000 mt special seamless steel pipe project — recently officially commenced production. With a total investment of 300 million yuan, the project's products cover multiple series including high-pressure boiler pipes, petroleum cracking pipes, hydraulic prop pipes, and alloy structural pipes, which are widely used in key fields such as electric power, petroleum, chemical engineering, and machinery manufacturing, filling the regional gap in high-end special steel pipe capacity.