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Wu Wenzhang: New Spirit · New Driver· New Challenge [SteelHome] 2023-04-26 15:17:57

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From April 21 to 23, 2023, the 19th Steel Industry Development Strategy Conference, held by of SteelHome Website, naming jointly held by Youfa Steel Pipe Group, Masteel, Zhengda Pipe and Ouyeel, jointly held by Shanghai Futures Exchange, Dalian Commodity Exchange, Chengyu Vanadium and Titanium Technology Co., Ltd, Shanghai GTXSTEEL E-commerce Co., Ltd, and China Railway Materials Group, and co-organized by Bayi Steel Group, Liuzhou Steel Group, Xcoal, and Henan Tianyuan Group was successfully held in Shanghai, more than 800 delegates from over 600 companies including 127 steel mills and 86 fuel and raw material enterprises, as well as relevant institutions and medias, both domestically and internationally, attended this conference.

At the Opening Speech held on the morning of April 22, Mr. Wu Wenzhang, Founder and Chairman of SteelHome, delivered a speech titled New Spirit · New Driver· New Challenge.

Mr. Wu Wenzhang, Founder and Chairman of SteelHome, delivered a speech titled New Spirit · New Driver· New Challenge

Key points of the speech

1. China's steel industry has entered a development stage of comprehensive surplus, and steel production and consumption have entered a declining channel

2. New driving force: In the future, the steel industry will achieve high-quality development through serving the equipment manufacturing industry. New energy construction, ocean engineering, and the widespread application of steel structures in the construction industry will bring new demand growth to the steel industry

3. Four major challenges: a) high-end overcapacity; b) carbon reduction; c) the direct export of steel production capacity to traditional regions has significantly increased; d) industrial capital and financial capital are deeply integrated.

4. Price: In the second quarter, the price of Chinese domestic steel market will fluctuate widely, and then move downward. In the third quarter, the price will stop falling and rebound. In the fourth quarter, the price will fluctuate. We maintain the judgment of the Huizhou meeting in November last year on the average price for this year, which is around 4000-4100 yuan/ton for ordinary hot-rolled steel and around 100 dollars/ton for iron ore imports.

(To contact the reporter on this story: or 86-555-2238932 18616060095)
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