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Mar.05.2024 1USD=7.1027RMB
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Wu Wenzhang Invited to 2023 Global Steel Dynamics Forum [SteelHome] 2023-07-07 09:12:53

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The Global Steel Dynamics Forum 2023, organized jointly by World Steel Dynamics (WSD) and Association for Iron & Steel Technology (AIST), took place successfully at the Marriott Marquis Hotel in New York, USA from June 26th to 28th. The conference revolved around discussions on topics such as "Decarbonization Technology Pathways for the Steel Industry," "Definition and Standards of Green Steel," and "Steel Market Supply and Demand Outlook for 2030." This event attracted approximately 500 delegates from nearly 30 countries worldwide.

Mr. Wu Wenzhang, the founder and chairman of SteelHome website, was invited to attend the conference and delivered a speech on the morning of the 27th. The title of his speech was "Chinese Steel Industry Has Entered a Stage of High-quality Development: Future Development Trends in Chinese Steel Industry." The speech material was presented on behalf of Mr. Wu by Mr. Philipp G. Englin, CEO of WSD, who delivered the speech on-site. The main points of the speech are as follows:

Ø  The Chinese steel industry has entered a stage of high-quality development, with the three main themes for future development being green and low-carbon practices, structural adjustments, and intelligent manufacturing.

Ø  China's steel industry will continue to accelerate mergers and acquisitions, and it is expected that by 2035, the concentration of the Chinese steel industry will reach around 70%.

Ø  The production and consumption of steel in China are entering a declining trend. It is projected that by 2035, China's apparent consumption of crude steel will decrease to 850-900 million tons, and production will decrease to 900-950 million tons.

Ø  It is expected that by 2035, China's electric arc furnace steel production capacity will reach 250-300 million tons. Direct reduction technologies represented by new energy and hydrogen metallurgy will witness significant development, leading to breakthroughs in direct reduced iron production, thus creating conditions for China's steel industry to achieve the "30/60 dual carbon" target.

Ø  In 2023, China's crude steel production and apparent consumption will be 1.02 billion tons and 940 million tons, respectively, remaining flat and decreasing by 2.4% compared to 2022. In 2024, China's crude steel production and apparent consumption will be 1 billion tons and 920 million tons, respectively. The price range for ordinary hot-rolled steel from 2023 to 2024 is expected to be between 3,500 and 4,500 yuan per ton, with a range of 80-120 USD per ton for 62% imported iron ore (CIF).

During the conference, Mr. Wu Wenzhang paid a visit to WSD and engaged in discussions with Mr. Philipp G. Englin, the CEO of WSD, regarding potential collaborations in areas such as information, consulting, and events. Both parties expressed mutual interest in strengthening their cooperation and agreed to adjust and renew the strategic cooperation agreement with regards to the specific areas of collaboration. Additionally, Mr. Philipp G. Englin has been invited to attend and deliver a keynote speech at the "20th Steel Development Strategy Conference," organized by SteelHome, scheduled to take place in Shanghai next April.


Mr. Philipp G. Englin, CEO of WSD, delivered a speech on behalf of Chairman Wu Wenzhang titled "Chinese Steel Industry Has Entered a Stage of High-quality Development: Future Development Trends in Chinese Steel Industry."

Group photo of some attending representatives

Mr. Wu Wenzhang, Chairman of SteelHome, visited World Steel Dynamics

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