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According to statistics, in the first half of this year, the internal industrial structure of China’s industries began to change. The growth rate of the four high-power-consumption industries such as ferrous metal smelting and rolling processing, non-ferrous metal smelting and rolling processing, chemical raw materials, and electricity fell back, resulting in industrial use in the first half of the year. Electricity is sharply reduced. And the product structure within the industry began to change. In the first half of the year, the country’s crude steel production increased by 1.2% year-on-year, but the electric furnace steel decreased by 15.4%; the cold rolled sheet, plated sheet, electrical steel sheet, etc At the same time, the output rose by 3.3%, 1.4%, and 10.9%, respectively; in addition, electrolytic aluminum, which accounts for a large proportion of electricity in the color industry, fell by 11.7%, far lower than the 5.1% decline in nonferrous metals.
The sudden economic crisis has caused many high-energy-consuming enterprises in China to begin to “carefully calculate†their days, saving energy, reducing consumption, and reducing costs. According to statistics, in the first half of this year, China's GDP and industrial growth rate increased by 7.1% and 7.0% respectively year-on-year, while total electricity consumption in the entire society decreased by 2.24%. The first divergence between economic growth and electricity consumption has once attracted market attention.