Ms.Chen Yan, Deputy General Manager and Senior Analyst with SteelHome, was invited to speak at Steel, Metals and Mining Week (Live) on June 21.

Chen Yan Spoke at Steel, Metals and Mining Week (Live)

Here are her viewpoints:

1. It is certain for Chinese government to restrict crude steel in 2021, while there is uncertainties in the output in H2. SteelHome believes that China’s crude steel output will be 1.11-1.14 billion tons this year.

2. In 2021, iron ore import, delivered to China, will be 1.2 bln tons, up 2.5pct on year; pig iron and DRI import to be 5.7 mln tons, down 36.8pct; scrap import to be 0.4 mln tons, quite low rate.

3. Average price in Shanghai in 2021: rebar to be 4750 RMB/t, HRC to be 5100 RMB/t, iron ore import price (62%) to be 180 dollars/t (CFR, China).