China Business Intelligence Network News: Crude steel refers to the steel that has completed the whole process of smelting (including molten iron pretreatment, smelting, secondary metallurgy, that is, refining outside the furnace, pouring or continuous casting, etc.), and has not been plastically processed, and is a metal material with iron as the main element, carbon content is generally less than 2%, and contains other elements.
Yield
Since 2020, China's crude steel output has shown a downward trend under the background of "dual carbon". According to the "2022-2027 China Crude Steel Market Status and Future Development Trend" released by the China Business Industry Research Institute, China's crude steel output will reach 101.3 billion tons, down 194%。According to analysts at the China Business Industry Research Institute**, production will drop to 10 in 20230.1 billion tons, which will reach 98.9 billion tons.
Data**: China Business Industry Research Institute database.
Downstream applications
The construction and machinery industry is the most important application market for the crude steel industry, accounting for 51 percent in 20222%, and the mechanical field accounted for 163%。
Data**: Compiled by China Business Industry Research Institute.
For more information, please refer to the "Research Report on China's Crude Steel Market Prospects and Investment Opportunities" released by the China Commercial Industry Research Institute, and the China Commercial Industry Research Institute also provides industrial big data, industrial intelligence, industrial reports, industry feasibility study reports, investigation and evaluation, industrial planning, park planning, industrial chain investment map, industrial investment guidelines, project packaging planning, industrial investment promotion & promotion meetings and other consulting services.