In the second half of the year, the investment in repair of infrastructure will increase the demand for steel

On June 15, data released by the National Bureau of Statistics showed that in the first five months of this year, national fixed asset investment (excluding farmers) reached 19,949.4 billion yuan, a year-on-year decrease of 6.3%, a decrease of 4 percentage points from the previous four months. Among them, infrastructure investment (excluding electricity, heat, gas and water production and supply) decreased by 6.3% year-on-year, a decrease of 5.5 percentage points from the previous 4 months; manufacturing investment decreased by 14.8%, a decrease from the previous 4 months Narrowed by 4.0 percentage points; real estate development investment fell by 0.3% year-on-year, a decrease of 3 percentage points from the previous 4 months.

It can be seen that, in addition to the most stable performance of real estate development investment, the investment in infrastructure repair is also relatively strong. Between January and February, when the epidemic was the worst, infrastructure investment fell by 30.3% year-on-year, and now it has narrowed by 24 percentage points in just three months.

At the same time, China Construction Machinery Industry Association statistics show that in May, domestic enterprises sold 31,700 excavators, a year-on-year increase of 68%. Among them, domestic sales reached 29,500 units, a significant increase of 76.3% year-on-year; export volume reached 2,223 units, an increase of 3.3% year-on-year. In the first 5 months of this year, the domestic sales of excavators of various domestic enterprises totaled 145,800 units, an increase of 19.4% year-on-year. Among them, domestic sales reached 134,200 units, an increase of 19.4% year-on-year; export volume reached 11,600 units, an increase of 20.7% year-on-year. It is precisely because of the accelerated investment in infrastructure that supported the sales of excavators.

The relevant person in charge of China Construction Machinery Industry Association also made it clear that the excavator sales rose sharply due to the acceleration of infrastructure investment. As the domestic epidemic prevention and control situation is generally stable, a series of policies issued by the previous government departments have been implemented, especially under the support of the "six stable" and "six guarantee" work, the investment in infrastructure has been accelerated, making the "steel demand" tough.