Recently, He Wenbo, executive chairman of the China Iron and Steel Association, said in Shanghai that it is estimated that in recent years, the number of mechanical and electrical products exported by China every year contains more than 100 million tons of steel, and the indirect export volume of China's steel in 2022 will be 11.3 billion tons. At the same time, he pointed out that China's total steel consumption has reached its peak, and the decline in total volume is an inevitable trend, but the increase in steel demand in automobile, shipbuilding, home appliances and other industries has made up for the lack of total.
The peak of China's total steel consumption is a fact that cannot be ignored. With the adjustment, transformation and upgrading of China's economic structure, the demand for steel in traditional manufacturing industries has gradually decreased, while the demand for steel in high-end manufacturing, green buildings and other fields has been increasing. This trend is in line with the development law of global steel consumption, and also indicates that China's steel industry is entering a stage of high-quality development.
Despite the decline in steel demand for real estate, the demand for steel in automobile, shipbuilding, home appliances and other industries has increased, making up for the shortfall in the total amount. This shows that the consumption structure of China's steel market is constantly being optimized, and the proportion of steel consumption in the manufacturing industry continues to increase. This is not only the inevitable result of China's economic transformation and upgrading, but also an important driving force for the transformation and upgrading of the steel industry.
In the automotive industry, with the rapid development of the new energy vehicle market, the demand for high-quality steel is increasing. In the shipbuilding industry, with the recovery of the global shipping market and the upgrading of shipbuilding technology, the demand for high-strength, corrosion-resistant steel is also increasing. In the home appliance industry, the demand for high-quality steel is also increasing as consumers' requirements for product quality and environmental performance continue to increase.
In addition, the transformation and upgrading of China's steel industry has also achieved remarkable results. Through the introduction of advanced technology, strengthening environmental protection, improving product quality, etc., China's steel industry has realized the transformation from extensive to intensive. At the same time, iron and steel companies are also actively expanding the international market, which has promoted the growth of China's indirect steel exports.
In general, the peak of China's total steel consumption does not mean the decline of the steel industry, but indicates that China's steel industry is entering a stage of high-quality development. At the same time, with the increase in demand for steel in automobile, shipbuilding, home appliances and other industries, the consumption structure of China's steel market will continue to be optimized. We expect China's steel industry to continue to maintain a strong growth momentum in the future and make greater contributions to the sustainable development of the global economy and society. (Data support: Tianyancha).