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Nov.13.2019 1USD=7.0026RMB
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Wu Wenzhang Invited to Speak at European Steel Conference 2019

http://en.steelhome.cn [SteelHome] 2019-11-04 17:20:56

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On October 29-30, 2019, European Steel Conference 2019 was successfully held by World Steel Dynamics (WSD) in Milan, Italy. Mr. Wu Wenzhang, Chairmen & President of Shanghai SteelHome Website was invited to attend the conference and delivered a speech titled as Chinese Steel Industry Still to Meet Domestic Demand & to Develop High Quality in The Future.

Mr. Wu’s conclusion in the speech are (VIP subscribers of SteelHome can contact Tina for full presentation):

Ø  During 1996-2018, China steel export only accounted for 8.9% of output. Driving forces of rapid growth in China steel industry mainly depends on rapid rise in domestic market demand.

Ø  In the future, Chinese market demand will remain at high level. Chinese steel industry strictly controls newly-added capacity. Super-low emission and carbon emission control will also curb steel capacity expansion.

Ø  Chinese steel industry will insist to develop intelligent manufacturing, green development, accelerate the pace of M&As, optimize industrial layout, to further enhance the product quality and resolve overcapacity.

Ø  In the future, share of EAF-based mill production will gradually increase, and demand for iron ore will be falling.

Ø  SteelHome predicts that in 2020, China steel demand and export will trend down, iron ore import will fall by 3% on year, average HR steel products price will fall by around 8%, and iron ore import price (62%) will fall by 10-15%.

Glance of the conference
Mr.Wu delivering a keynote speech
Peter F.Marcus (second, right), Philipp Englin, CEO of WSD (first, right), Adam Green, Managing Director of WSD (first, left)
Delegates reading printed presentation of Mr.Wu SteelHome booth

(To contact the reporter on this story: tina.tong@steelhome.cn or 86-21-50585733)
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