Kunpeng Project
In 2023, China's hot-rolled coil market will face dual pressure from internal and external factors, and the contradiction between supply and demand in the market will further intensify. The data shows that the volume of ** increased by more than 11% year-on-year, while the domestic demand in the market is insufficient. In this context, there has been a rare phenomenon in the import and export of hot-rolled coils, which has hit two extremes in the past decade.
* The significant increase in volume is mainly due to the expansion of domestic production capacity and the improvement of the industrial chain. However, at the same time, domestic demand in the market has not followed the growth of the same amount, which has led to the intensification of the contradiction between supply and demand. The intensification of the contradiction between supply and demand has directly affected the operation and development of the hot-rolled coil market.
Despite the lack of domestic demand in the market, China's hot-rolled coil exports have reached an unprecedented level by refreshing the historical high in the past decade. This phenomenon is mainly due to the competitiveness of China's hot-rolled coil in the international market and a certain increase in global demand.
In stark contrast to exports, China's imports of hot-rolled coils have hit a record low in the past decade. This phenomenon reflects the surplus of the domestic market, so that domestic manufacturers no longer need a large number of imports to meet demand.
The phenomenon of surplus in China's hot-rolled coil market is closely related to capacity expansion. In the past few years, the improvement of China's hot-rolled coil industry chain and the expansion of production capacity have made the market competition increasingly fierce, resulting in a substantial increase in the number of highest.
Despite the lack of domestic market demand, the international market demand for China's hot-rolled coils has increased. The recovery of the global economy and the acceleration of infrastructure construction in some countries have promoted the growth of demand for products such as hot-rolled coils, creating favorable conditions for China's exports.
The intensification of the contradiction between supply and demand has brought many impacts to China's hot-rolled coil market. On the one hand, market competition has intensified, and the profitability of enterprises has been challenged. On the other hand, the increase in export volume has brought some relief to domestic manufacturers, but it has not fundamentally solved the contradiction between supply and demand in the market.
In the face of the intensification of the contradiction between supply and demand, China's hot-rolled coil industry needs to carry out structural adjustment, transformation and upgrading. Enterprises should strengthen internal management, improve product quality and technical level, and find breakthroughs in differentiated competition to adapt to market changes and challenges.
* Policy guidance and market supervision of the hot-rolled coil market should be strengthened, and enterprises should be guided to compete reasonably to avoid overcapacity and vicious competition. At the same time, enterprises should also be supported to carry out scientific and technological innovation, improve their core competitiveness, and achieve sustainable development of the industry.
On the whole, the intensification of the contradiction between supply and demand in China's hot-rolled coil market is an important problem at present. In the future, the recovery of the demand side and the adjustment of the supply side will gradually alleviate the market contradictions, and the market operation will gradually stabilize. At the same time, enterprises and market parties should work together to promote the optimization of industrial structure and the improvement of the market environment, and realize the sustainable development of the hot-rolled coil industry.