New stage for steel pipe industry

Iron and steel industry development characteristics and stages
The development of China’s iron and steel industry supports the rapid development of national economy, is a typical technology-intensive industry, makes the world better, is the most globally competitive domestic industry, and will lead the development of the world’s iron and steel industry in the long term. At present, the growth rate of crude steel production in China’s iron and steel industry is narrowing, steel consumption of rectangular steel tube is growing, steel trade is showing new changes, iron ore prices have fallen sharply after surging, corporate profits have increased significantly, and steel prices have remained stable.

Based on the current situation of the industry, economic situation, investment drive, the development of downstream steel industry and other influencing factors, it is predicted that the steel demand of carbon steel pipe will be high and hovering in the short term. However, under the guidance of the goal of reaching the peak of carbon and carbon neutrality, the demand for steel will remain high and show a slow decline in the medium and long term.

From iron ore prices, the next major iron ore producers and four mine production will remain stable or increase to a certain extent, and as China’s largest iron ore demand, iron and steel industry has entered a reduction, to reduce the demand for the rest of the world, which is difficult to make up for China, the pattern of the iron ore supply will exist in a certain period of time. In the medium term, in the context of iron ore supply overdemand, iron ore prices will be low shock operation. In the long term, global steel consumption of zinc coated steel pipe is expected to remain high, and there is room for prices to rise again as high-cost mines exit the market and the oversupply Narrows.

The steel industry has entered a new stage of development
We will reshape the new pattern of development with a low-carbon approach, create a new balance between supply and demand, promote new technological progress, create a new industrial structure, build a secure supply chain, and build a prosperous ecosystem. Entering the new development stage of the “14th Five-Year Plan”, the policy of low carbon development will change from the relative restraint of carbon emission intensity to the absolute restraint of total carbon emission. Under the guidance of the high-quality development of the round steel pipe, with the adjustment of industrial policies, changes in steel trade policy, environmental protection policy make steel industry face new higher requirements for the subsequent development.