The characteristics of my country's new iron and steel statistical index system

Introduction

Steel is an indispensible part of modern life from the most basic of home commodities like pots, pans, frames and furniture to more complex items like bridges, vehicles, buildings and ships. The use of steel can be seen in almost every nation in the world, and much of the world’s steel is produced in China.

Today, it is more important than ever to monitor and measure the production, supply, and demand for steel in China. In order to provide a comprehensive and accurate assessment of the steel sector, the Chinese government has put in place an innovative new statistical indexing system.

This system is known as the China Steel Statistical Index (CSSI). CSSI is a unique index that was developed in 2005 by China’s National Bureau of Statistics with the intention of providing accurate data on the production, supply, and demand for steel in China.

The Specific Features of China Steel Statistical Index

The China Steel Statistical Index includes three types of statistical information - production, supply, and demand.

First, the production of steel is measured according to the amount of different types of steel produced each year. This includes raw materials like iron ore, steel-making coal, coke, and other such materials. The production data also includes the total volume of steel produced, as well as the ratio of hot-rolled steel and cold-rolled steel production.

Second, the supply of steel is measured by the amount of steel used domestically and by how much steel is exported from China. The supply data also includes information on the types of steel that are imported into China, as well as the total imports from various countries.

Finally, the demand for steel is measured according to the total demand for steel products in China. This data includes the total domestic demand for steel products, as well as the total demand for imported steel products in the market.

In addition, the China Steel Statistical Index also includes other statistical information, such as the total number of new steel production projects and the total steel output of existing steel projects. The index also includes data on the average size of steel production enterprises, as well as the total value of production facilities.

Conclusion

In conclusion, the China Steel Statistical Index is an innovative system to monitor and measure the production, supply, and demand for steel in China. The system is designed to provide accurate data on all aspects of the steel sector, including production, supply, and demand. With the help of this indexing system, the Chinese government and industry can better manage the steel sector and ensure that China remains a major steel producer in the world.

Chinas new iron and steel statistical index system (NISISS)was established in April 2019 as part of a larger modernization effort in the industry. This system was created to help the Chinese iron and steel industry better track production and consumption, as well as further promote its development.

Under the NISISS, indicators can be used to measure both the production and consumption of iron and steel in the Chinese market by tracking the output of the industry, such as the quantity and quality of steel products, as well as their distribution. These indicators can then be used to monitor inventory levels, investment, and utilization as well as to analyze various other dimensions of the industry.

The NISISS also emphasizes the better utilization of advanced technologies and the refinement of data accuracy to facilitate the collection of information. It uses intelligent sensors to automatically measure the quality and quantity of products via online operation, as well as online optimization of technologies in an effort to reduce energy consumption and emissions as well as other unfavorable factors.

The NISISS consists of five types of indicators, namely production control indicators, distribution control indicators, utilization control indicators, inventory control indicators and environmental indicators. These indicators can be further divided into 19 categories and 126 individual indicators, making the data more detailed and allowing the industry to track various different aspects.

In conclusion, the NISISS provides a new set of tools and technologies to help the Chinese iron and steel industry to better measure and monitor production, consumption and other components, while also providing more detailed data and greater precision in the measurement of industry performance. With this system, the industry should experience more efficiency and productivity as it seeks to modernize.