Recently, the Ministry of Industry and Information Technology, the National Development and Reform Commission, the Ministry of Finance and other seven departments jointly issued the Work Plan for the steady growth of the Steel Industry, focusing on promoting the smooth operation of the steel industry and promoting the high-quality development of the industry. The “Plan” has put forward many measures, reflecting the actual situation of the industry, reflecting the demands of enterprises, and playing a positive role in stabilizing the operation of the industry, promoting the development of the industry, improving the operating state, and enhancing the confidence of enterprises.
For some time, due to the weak growth of demand in downstream markets, high prices of raw fuel and other factors, the efficiency of the steel industry has declined. Steady growth is the basis for high-quality development of the industry. The “plan” issued this time around the core task of stabilizing the economic operation of the steel industry, put forward the work idea of “force from both ends of supply and demand, focus on stable operation, expand demand, promote reform, help enterprises, and strong momentum”, and formulate targets and measures in a targeted way. From 2023 to 2024, the main goals of the steady growth of the steel industry are: in 2023, the supply and demand of the steel industry will maintain a dynamic balance, the investment in fixed assets of the whole industry will maintain stable growth, the economic efficiency will be significantly improved, the investment in research and development of the industry will strive to reach 1.5%, and the industrial added value will increase by about 3.5%; In 2024, the industry development environment and industrial structure will be further optimized, the level of high-end, intelligent and green will continue to improve, and the industrial added value will increase by more than 4%. “The target of these two years is based on the current development status, and conforms to the law of the development cycle of the industry, and has played a good role in the steady growth of the steel industry.”
“Fourteenth Five-Year Plan” period, the steel industry overcapacity pressure is still large. From the perspective of steel production and consumption, in the first half of the year, steel supply was stronger than demand, steel prices fell more than the cost, and the trend of different enterprises was differentiated. According to industry forecasts, steel consumption has a slight downward trend this year. The “Plan” proposed that the implementation of steel consumption upgrading action, focus on expanding steel demand. From the three aspects of strengthening the application and promotion of steel structure, expanding consumer demand in key areas, and improving the internationalization level of the steel industry chain, we will make good use of both domestic and international markets to form effective demand traction.
Post time: Sep-12-2023