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Steel of opportunities and challenges in "Low-profit era"

Posted in: Forum Home >> Hot Deals >> Steel of opportunities and challenges in "Low-profit era"

Displaying 2 posts
Displaying 2 posts
Nov 23, 2012 1:02 AM ET #1 (permalink)

After 10 consecutive years of rapid development, the operating profit is inevitable in the Chinese steel industry upgrade process and must bear. 21st century, 10 years, is a complete restructuring and development of China's steel industry, iron and steel power second leap.

Comprehensive analysis of the current domestic and international situation, China is facing unprecedented opportunities, but also the face of unprecedented challenges, China's development is still in an important period of strategic opportunities that can accomplish a great deal.

Looking to the future, both from the domestic and international macroeconomic trends, point of view or from the self-development of the steel industry, we need a broader perspective to look at the development of the iron and steel industry.

At present, the global economic environment has undergone great changes. The aftermath of the financial crisis of 2008 is not level, the European debt crisis was underway, the global economy will enter a long period of slow growth. China may face the situation of a fairly long period of slow growth in exports, which will bring the domestic export industries, including China steel and downstream industries have a significant impact. Of particular importance is that the financial crisis is changing the structure of global economic growth, the major developed countries have to revive the manufacturing industry and to expand export policy, China's manufacturing industry is facing the dual pressures of developed countries extrusion and emerging economies catch up, the domestic corporate restructuring and upgrading to more urgent demands. At the same time, however, has not yet completed the industrialization and urbanization will continue for the Chinese economy continued growth momentum is still evident, the international competitiveness of "Made in China", China is still in an important period of strategic opportunities.

In recent years, the "low-profit era" had become a hot word of the iron and steel industry. Iron and steel industry in peril declining, seems like a foregone conclusion. Since September last year, the domestic steel industry into the winter. To August this year, the domestic iron and steel enterprises, or operating profit fend for themselves, or in the gain or loss on the edge of survival.Steel industry after nearly 10 years of rapid development, the supply and demand relationship reversed, already one foot into the inflection point from the "demand" to "oversupply". On the one hand overcapacity intensifies, even the one hand, demand growth is slowing down. Therefore, China steel prices have no advantage in quality and technology, the next step should be up to improve and increase the technology content.

It is understood that, in the good news to stimulate the Anshan markets hot rolled coils prices overall rose in the range of 30-100 yuan / ton between turnover situation has improved, according to feedback Angang, Benxi Iron and Steel production 3.0 * 1250mm hot rolling open flatmainstream offer 3420-3450 yuan / ton, the various varieties and specifications are different rose.

Generally speaking, the transformation of China's iron and steel industry is a business model innovation, technological innovation is the iron and steel enterprises to achieve important support for the restructuring and development conditions. The Baosteel innovation as a foothold in enterprise restructuring and development, adhere to technological innovation as an important means for the implementation of the "the boutique strategic" and "environmental management. We want to speed up the construction of the innovation system, promote the new product development, engineering technology independent integration "and" live "three innovative system of continuous improvement. Future gathering resources research new technologies, develop new products and to optimize the protection mechanism of technological innovation, to create a better atmosphere and the mechanisms of corporate innovation.

Dec 12, 2012 10:02 PM ET #2 (permalink)

Hi Guys,

I’m Lorraine from China (Guangzhou) International Exhibition for Steel Construction &Metal Building Materials 2013(STEEL BUILD 2013),which will be held in Guangzhou Import & Export Fair • Pazhou Complex during May 9th – 11th.

This is an international and professional Fair which we want to provide a helpful platform for the professionals in the building and metal building material industry a grand communicative opportunity. So just catch the chance to show your latest technologies and products or visit this grand fair for the brilliant feast.

If you guys have any interest in our expo, please contact me by the call: 86 20 23318524 OR Email: steelbuild@grandeurhk.com/lorrainelu@yeah.net.

Thanks a lot for your time!

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