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Li Xinchuang: Situation Analysis of Steel Market in 2019

https://en.steelhome.com [SteelHome] 2019-04-22 15:58:37

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15th Steel Development Strategy Conference, host by SteelHome, was successfully held in International Convention Center during April 12-14, 2019. Around 1000 delegates from governments, associations, steel mills, miners, traders, research institutes attended the one of biggest events in China steel industry.

8th International Raw Materials Supply Chain Summit, 9th Coal & Coke Development Strategy Conference, 7th China Commodities E-Commerce Summit and 2019 SteelHome Spring Report were simultaneously held.

Li Xinchuang, Deputy Chairman of China Iron and Steel Association, Secretary of the Party Committee of Metallurgical Industry Planning and Research Institute reported Situation Analysis of Steel Market in 2019 at the summit forum of New Trends & New Changes of Downstream Industry on the morning of April 14th.

Li Xinchuang, Deputy Chairman, China Iron and Steel Association

Summary of speech

I Analysis of the development environment of Chinese steel industry

1. International economic situation

Global trade growth slows down: Trade growth is currently forecasted to slow down from 3.9% expected in 2018 to 3.7% in 2019, but these estimates may be further revised downward if trade conditions continue to deteriorate.

Weakly rebound in international investment: Global foreign direct investment (FDI) fell from $1.47 trillion in 2017 to $1.2 trillion in 2018, and is expected to rebound in 2019, but the momentum is weak.

The recovery of developed economies is difficult: the US economic growth tends to fall; the euro zone's economy maintains a low growth rate; Japan's economic growth is rotten.

Emerging economies are facing greater pressure and uncertainties of the trend; the world economic situation is facing downside risks.

2. The situation of the international steel industry

In October 2018, the World Steel Association issued a short-term forecast: global steel demand will increase by 1.4% in 2019, reaching 1.681 billion tons.

3. Key work in 2019: Promote high-quality development of manufacturing industry; promote the formation of a strong domestic market; promote the rural revitalization strategy; promote regional coordinated development; accelerate economic system reform; promote all-round opening up; strengthen endured wellbeing of the people and improve their lives.

At present, the development of the steel industry is in the period of quantitative reduction, the reorganization phase of the high-quality period and the three phases of the environmental transition phase of the intermediate transition. It is an important node to carry on the link. The reduction and environmental protection have made positive progress, and restructuring has become the key. Where it will determine whether a smooth transition from a quantitative period to a high quality period can be achieved.

II Several issues that need to be focused on in 2019

Grasp the "smart +" opportunity, accelerate the implementation of steel intelligent manufacturing; strengthen the ultra-low emission transformation of iron and steel enterprises; plan the layout of steel production capacity - should not promote the relocation of one-size-fits-all, should be classified Different treatment; follow the principle of marketization to promote mergers and acquisitions.


(To contact the reporter on this story: leo.ji@steelhome.cn or 86-555-2238932)
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