According to reports, after the strong alliance with CITIC Pacific Special Steel, Nanjing Iron and Steel will form a 30 million ton specialized special steel aircraft carrier, to achieve the world's first scale and market share, and the world's first output of excellent special steel rods and wires and high value-added steel plates, the two sides will be committed to breaking out of the encirclement in the new round of industry trough development pattern, increasing joint research in the field of special steel research and development, jointly undertaking major national projects, and building a leading advantage in seizing the global scientific and technological innovation highland.
From January to November this year, Nanjing Iron and Steel Group achieved revenue of 183.6 billion yuan and a profit of 28500 million yuan, completing "contrarian growth" in the industry ranking. The excellent properties of steel materials (cost-effective and recyclable) are far from being fully exploited, and there is no room for "material upgrading and material substitution". However, there are also big opportunities.
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Since the complete marketization of steel pricing, each round of steel will bring a new round of construction boom in the industry, and it will be difficult to withdraw from the market after the production capacity is formed. Every time the steel ** declines, it is caused by the increase in the gap between market supply and demand.
He Wenbo, Secretary of the Party Committee and Executive Chairman of the China Iron and Steel Association, said in Shanghai on the 16th that China's iron and steel industry has fully supported the rapid development of downstream industries and gone global while realizing its own development. According to the estimation of experts from the China Iron and Steel Association, 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.
Judging from the current operation, China's steel industry has entered a new round of deep adjustment due to slow demand recovery and fast supply. Affected by multiple factors such as macroeconomic pressure, weakening downstream demand, and high fluctuations in raw fuel**, the game between cost and demand is still intensifying.
Talking about the development situation of China's iron and steel industry, He Wenbo said frankly that the total consumption of steel has reached its peak, and the decline in total volume is an inevitable trend. Although the demand for steel for real estate has declined, the demand for steel in industries such as automobiles, shipbuilding, and home appliances has increased, making up for the lack of total volume. "The steel consumption structure has been continuously optimized, the proportion of steel consumption in the manufacturing industry has continued to increase, and China's steel market has shown strong resilience. ”
In the face of the current year-end off-season, the five major steel data show that the total **910240,000 tons, an increase of 1 week-on-week930,000 tons, an increase of 02%。On the demand side, most parts of the country experienced a sharp cooling this week, construction sites were restricted, and the off-season characteristics of building materials were further revealed. In terms of inventory performance, the data shows that the total steel inventory on Friday was 1298130,000 tons, an increase of 0280,000 tons, an increase of 01%。Overall, with the deepening of the off-season, terminal demand is further under pressure.
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In the long run, development resilience is strong, but short-term adjustment pains are an inevitable process. From the industrial level, the annual inspection production line of steel mills has increased, the output of molten iron has continued to decline, and the actual demand for charge has declined, resulting in a decline in the cost sideFrom the perspective of plate supply and demand structure, the terminal demand for automobiles, home appliances and exports remained resilient, the inventory continued to deplete the rhythm, and the off-season has not yet begun to accumulate inventory, and the contradiction between supply and demand is not prominent.
According to the comprehensive analysis of the China Steel Network Information Research Institute, the ** economic work conference ended, the meeting was lower than market expectations, and the macro policy expectations were disappointed. At present, the country has entered a vacuum period of macro policy expectations, and the impact of macro policy expectations on steel prices has weakened. Under the short-term cost drag and the expectation of repair policy, steel prices will be adjusted.