Founder and Board Chairman with SteelHome, was invited to speak at Steel
Success Strategies (Live) on June 21.
Here are his
1. China steel
industry will enter high-quality development via restructuring, green
environmental protection and intelligent manufacturing in the future.
economy will keep steadily moving forward, which drives the rise in steel
production and consumption. SteelHome predicts that apparent consumption
of steel in 2021 will increase by 5% on year.
3. It is
expected that Chinese steel market price in H2 2021 will be lower than H1,
with average price in the year greatly higher than that in 2020. Chinese
iron ore import price, with the implementation of production limitation
policy, will plummet sharply.
CEO Philipp G.
Englin asked one question on steel demand growth in China in the future,
with the production limitations move.
Chinese government will strictly control crude steel production in the
future. 2021 will see the certain policies announced and enacted by
central government to limit crude steel production. Because of robust
domestic demand, Chinese crude steel output in the first months of 2021
came to 473.1 million tons, up 13.9 percent on year. In order to rein in
output, Chinese steel government will take following measures from aspects
of laws, executive efforts and market solutions: a) to conduct
environmental protection via ultra-low emission, b) to inspect the
illegal, newly-added and replaced steel capacity, c) to reduce carbon
emission etc. SteelHome predicts that crude steel production in the second
half year will be lower than the first half one. The whole year production
will reach 1.11-1.14 billion tons, up 7.0 percent on year. The steel
demand in the future will find it difficult to rise by yearly 5 percent.
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