XVII Steel Development Strategy Conference, hosted by SteelHome, was
successfully held in Shanghai Tower during 9-11 April, 2021. Over 1,000
delegates from governments, associations, steel mills, miners, traders,
research institutes and media attended.
10th International Steel Raw Materials Supply Chain Summit, 11th
International Coal & Coke Development Strategy Summit, 9th China
Commodities E-Commerce Summit and 2021 SteelHome Spring Report were
simultaneously held.
Yu Zhong, Well-known
expert in futures investment, delivered a speech titled Ferrous
Futures Investment Strategy on April 9, 2021.
Yu Zhong,
Well-known Expert in Futures Investment
Summary of speeches
It was originally predicted that supply and demand will be balanced or
oversupply in 2021. Now jointly affected by market factors and policy,
both steel prices and profits are high, providing capital basis for
steel industry to reach the carbon peak.
At present, carbon emissions in the steel industry account for nearly
20% of the total. The profit of steel mills above 500 yuan may be the
norm in the future.
In the future, steel mills’ carbon emission rights determine its market
share, and supply will not increase as the government determines to
reduce the output. Therefore, investing in steel stocks will have a
better prospect in the future, but we should be cautious of the current
market. |