During October 27-29, 2023, the SteelHome China Steel Industry Summit for 2024 Market was held in Nanjing. This event was organized by SteelHome and proudly co-sponsored by Handan Zhengda Pipe Group and Ouyeel.

During this conference, seven specialized forums were conducted, including 'Innovation in Steel Supply Chain Models,' 'SteelHome Autumn Report 2023,' 'Industrial Financialization and Risk Management,' 'SteelHome Spot and Futures Trading Practical Experience Sharing,' 'The 26th Joint Meeting of Market Information for Steel Enterprises and the 9th Steel Ecosystem Market Information Conference,' 'Research on the Current State and Structural Issues in the Raw Materials Market,' and 'Steel Products: Low Carbon Environmental Protection, Structural Adjustment, and Innovation in Models.

Over 900 participants from more than 700 organizations, including over 120 domestic and international steel manufacturers, as well as more than 80 raw material companies, joined the event. Additionally, numerous industry stakeholders, institutions, and media outlets were represented.

At the special forum on "Steel: Low Carbon Environmental Protection, Structural Adjustment, and Model Innovation" held on the afternoon of October 28th, Qian Min, Vice President of Handan Zhengda Pipe Group Co., Ltd., delivered a speech on "Development Trends of the Steel Pipe Industry Supply Chain".

Qian Min, Vice President of Handan Zhengda Pipe Manufacturing Group Co., Ltd., delivered a speech on Development Trends of Steel Pipe Industry Supply Chain

Key points of speech:

1. The development trend of the steel industry: Production has reached saturation: China's apparent demand for crude steel and steel pipes has basically reached its peak, indicating that the industry is approaching saturation and adjustment. The Chinese steel industry is entering a new era of high-quality development, with per capita crude steel production approaching the level of developed countries.

2. The challenge of the steel trade industry: the dilemma of the post pandemic era: the decline in steel pipe sales and the first loss in many years. The operating costs have been increasing year by year, and sales profits are meager. The extensive nature of traditional profit models is no longer applicable. Drawing on the experience of developed countries, large-scale, chain, branded, and comprehensive service providers will be the development path of the steel pipe trade industry. This may lead to market trends such as survival of the fittest, upgrading of concepts, and the constant strength of the strong.