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Cai Weici: Situation of Machinery Industry and Hope for Steel Industry

https://en.steelhome.com [SteelHome] 2021-04-14 19:03:18

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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.

The 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.

Cai Weici, special consultant of China Federation of Machinery Industry, delivered a speech titled  Situation of Machinery Industry and Hope for Steel Industry on April 11, 2021.

Cai Weici, special consultant of China Federation of Machinery Industry

Summary of speeches:

The rising pressure of cost increases sharply, the price of raw materials rises sharply, and the labor cost and capital cost is with a rising trend compared with the same period of last year.

It is expected that the growth rate will gradually fall. Considering various factors, the main economic indicators such as the added value of the machinery industry this year will increase by about 5.5% compared with last year.

Pay attention to the high-end and green structural adjustment trend of the machinery industry, and actively promote the upgrading of steel products.

We should plan the strategic measures to meet the challenges of the reduction of carbon emission as soon as possible.

(To contact the reporter on this story: jake.yang@steelhome.cn or 86-21-50585733 13816581143)
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