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. |