Responding to market concerns and maintaining market stability

On February 22 at 10 am, the China iron and steel association conference by video conference information, introduces the current operation and problems facing the steel pipe suppliers in our country to respond to market concerns, called on relevant parties to objective analysis of changes in market supply and demand, take various measures to maintain the steel market stable. Luo tiejun, vice chairman of the iron and steel association presided over the meeting, introducing the operation of the steel industry and answering questions from reporters. Zhang jingang, deputy general manager of China baowu iron and steel group, and Chen shaohui, executive vice President of shagang group, introduced the main measures and production and operation of their respective enterprises during the prevention and control of the epidemic.

LuoTieJun said COVID – 19, since the outbreak, the implementation of the CPC Central Committee and the State Council decision deployment earnestly, strictly carry out all work of the state-owned assets supervision and administration committee requirements. All of them try their best to do a good job to response this new situation at the same time and timely put forward the “epidemic control, strong security, safe and stable operation” of the twelve words work policy to guide the member enterprise actively yet prudently to return to work and production. This new situation also affected the improvement of structural glass curtain wall.
He noted that in the three weeks since work resumed after the Spring Festival, the steel industry has experienced a rare difficult situation due to the outbreak. In the face of challenges, the iron and steel association and the majority of iron and steel enterprises united to overcome the difficulties, took a series of countermeasures to maintain the steady development of the steel industry. Affected by the epidemic, the future steel market will see steel mills to increase production cuts and curtain wall building; short-term inventory may maintain high, downstream demand will start with the recovery of the epidemic situation.
As the outbreak gradually improves or ends, the impact on the steel industry will gradually diminish. Steel demand is expected to pick up rapidly from the second quarter, supported by a series of policies to achieve overall prosperity and steady growth. Luo tiejun says, be affected by epidemic disease, business capital returns difficulty is increased. However, the current asset-liability ratio of member steel enterprises is 63.16%, down 1.34 percentage points. With the gradual recovery of steel demand of structural steel pipe, steel prices are expected to stop falling and stabilize; enterprises will ease the situation of capital constraints.