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From April 21 to 23, 2023, the 19th Steel Industry Development
Strategy Conference, held by of SteelHome Website, naming
jointly held by Youfa Steel Pipe Group, Masteel, Zhengda Pipe
and Ouyeel, jointly held by Shanghai Futures Exchange, Dalian
Commodity Exchange, Chengyu Vanadium and Titanium Technology
Co., Ltd, Shanghai GTXSTEEL E-commerce Co., Ltd, and China
Railway Materials Group, and co-organized by Bayi Steel Group,
Liuzhou Steel Group, Xcoal, and Henan Tianyuan Group was
successfully held in Shanghai, more than 800 delegates from over
600 companies including 127 steel mills and 86 fuel and raw
material enterprises, as well as relevant institutions and
medias, both domestically and internationally, attended this
conference.
At the Opening Speech held on the morning of April 22, Mr. Wu
Wenzhang, Founder and Chairman of SteelHome, delivered a speech
titled New Spirit · New
Driver· New
Challenge.
Mr. Wu Wenzhang, Founder and
Chairman of SteelHome, delivered
a speech titled New Spirit · New Driver· New Challenge
Key points of the speech
1. China's steel industry has entered a development stage of
comprehensive surplus, and steel production and consumption have
entered a declining channel
2. New driving force: In the future, the steel industry will
achieve high-quality development through serving the equipment
manufacturing industry. New energy construction, ocean
engineering, and the widespread application of steel structures
in the construction industry will bring new demand growth to the
steel industry
3. Four major challenges: a) high-end overcapacity; b) carbon
reduction; c) the direct export of steel production capacity to
traditional regions has significantly increased; d) industrial
capital and financial capital are deeply integrated.
4. Price: In the second quarter, the price of Chinese domestic
steel market will fluctuate widely, and then move downward. In
the third quarter, the price will stop falling and rebound. In
the fourth quarter, the price will fluctuate. We maintain the
judgment of the Huizhou meeting in November last year on the
average price for this year, which is around 4000-4100 yuan/ton
for ordinary hot-rolled steel and around 100 dollars/ton for
iron ore imports. |
