worldsteel has released its latest report on short-term steel demand**. The report shows that growth will continue in 20249% to 1849.1 billion tons. Recently, the Metallurgical Industry Planning and Research Institute released the 2024 China and global steel demand research resultsIt is estimated that China's steel consumption will be 8 in 2023900 million tons, down 33%；*China's steel demand in 2024 will be 87.5 billion tons, down 17%。
This year, China's machinery, automobile, energy, shipbuilding, home appliances and other industries steel demand is growing. Xiao Bangguo, vice president of the Metallurgical Industry Planning and Research Institute, said that with the effect of the policy of steady industrial growth, the promotion of new industrialization continues to go deeper and more practical, and the high-end manufacturing industry represented by new energy such as photovoltaic and wind power, UHV power transmission and transformation, green manufacturing, and intelligent manufacturing will continue to drive the growth of manufacturing investment. It is expected to continue to show growth next year.
Next year, China will continue to implement a positive fiscal policy and a prudent monetary policy, focus on expanding domestic demand, and provide effective support for the overall stability of steel demand. It is expected that the demand for steel in construction, hardware products, railways, steel and wood furniture, bicycles and motorcycles and other industries will decline, and the demand for steel in China will decline slightly in 2024.
Web, for demonstration purposes only.
In the face of the continuous decline in domestic demand for steel, China's iron and steel enterprises have been looking for new ideas, having money to contribute, and making strong efforts to "go out" together. The conference on strengthening the construction of foreign-related rule of law has just been held, which has pointed out the direction for China's iron and steel industry to continue to promote the internationalization process and better "go global", and also put forward new and higher requirements.
China's steel exports picked up, and China's steel exports totaled 82.66 million tons in the first 11 months, an increase of 35% year-on-year6%, an increase of 3786%。Industry insiders said that affected by the relatively high steel output in China this year, domestic steel mill exports are generally more positive.
The person in charge of a steel company in Shanghai said that he was communicating with a steel mill in Guangxi about the overseas promotion and cooperation of next year's products. He told reporters that the company's exports have also grown significantly this year, with a total of more than 200,000 tons exported last year and more than 300,000 tons this year.
In addition to steel exports, steel enterprises are operating in the sea. Iron and steel enterprises led by China Baowu have gone to sea to build factories, many years ago, Chinese steel enterprises opened a large-scale overseas layout!Baowu, HBIS, Delong, etc. have built factories in 20 countries. In order to expand the global competitiveness and influence of China's steel industry.
Web, for demonstration purposes only.
At the same time, it is also accelerating the fight for the initiative of iron ore. In recent years, some Chinese steel companies have begun to seek to deploy iron ore assets overseas. Some enterprises have participated in the development of mines in Peru, Australia, Algeria, Guinea, Congo, Cameroon, Kazakhstan and other regions, comprehensively enhancing the competitive advantage of overseas factories.
The risks and benefits of overseas factory construction coexist, and steel enterprises must be well-thought-out and precise in order to succeed. Because the investment income will not be realized in the short term, the cultivation of capital and technology in the early stage will not be less, and the expansion to the unfamiliar market, steel enterprises should do a good job in risk control. Although it is tempting to build factories overseas, the specific operation requires a lot of exploration and financial support, and rash investment will increase the pressure on enterprises to survive in adversity.
Next year, whether it is domestic development or overseas layout, the environmental protection pressure of the steel industry will continue to increase, and at the same time, to meet the requirements of low-carbon development, green and intelligent is an important starting point for the high-quality development, transformation and upgrading of the steel industry. We must take strengthening independent innovation as the driving force, take the development track of innovation-driven and endogenous growth, explore a development path that is more in line with objective reality, seek progress in stability, seek innovation in change, and make due contributions to the development of the steel industry. Only in this way can we get a bigger piece of the pie.