China Steel Association: Dealing with Three Major Relationships in Structural Adjustment of China's Steel Products

Qi Xiangdong, executive deputy secretary-general of the China Iron and Steel Association, said on the 6th in Shanghai that the Chinese steel industry must provide support for the country’s investment in providing the necessary steel. It must target policy-oriented fields and key projects, and do a good job of adjusting the product structure. Good current product structure and market consumption structure, construction steel and high value-added plate and strip, common carbon steel and special steel and other three relations.

Qi Xiangdong said at the China Steel Market Outlook Conference held on the 6th that the Chinese steel industry should be guided by the country’s policy of expanding domestic demand and actively carry out product structural adjustment. From the investment perspective, the most direct way to pull is construction steel, including rebar, wire rods, small and medium profiles, H-shaped steel, railway materials, plate and so on. At the same time, the demand for various types of high value-added sheet, stainless steel, alloy steel, seamless pipe, and welded pipe will also expand.

Qi Xiangdong believes that it is necessary to handle the three major relationships in product structure adjustment, namely the relationship between the current product structure of the steel industry and the market consumption structure; the relationship between construction steel and high value-added sheet and strip; the relationship between ordinary carbon steel and special steel It is guided by market demand to achieve comprehensive and coordinated development. After the development in recent years, the ratio of board and tube in the domestic steel industry has been significantly improved. At present, it is not a major contradiction. According to statistics, at present, China has formed an annual output capacity of hot-rolled continuous rolling sheet of more than 200 million tons and an annual production capacity of 80 million tons of medium and heavy plates. The production capacity is already in excess, and the market pressure is very heavy. We must firmly implement the policy of selling to production.

He said that through structural adjustment and structural optimization, improve the variety structure, expand market effective demand, and no longer blindly expand production capacity, so that the structure of steel products to better meet the requirements of the country to expand domestic demand.

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