A few days ago, some analysts said that the world's countries are reducing production of steel. It shows that 2012 is not only a more complicated situation for the Chinese steel industry, but also has many problems that must be faced in the global steel industry. It is understood that the primary problem of the global steel industry is that the slowdown in world economic growth has curbed the increase in steel demand. The world economic situation in 2012 still faces many uncertainties, and the steel industry is therefore facing a more complicated situation. The economic growth of developed countries in the face of sovereign debt crisis has become a consensus, while the main emerging markets, although the economy still maintains a good growth trend, but the inflationary pressures rise and the risk of a “hard landing†of the economy increases. In the summary of the World Economic Outlook, the IMF pointed out that the global economy has entered a new stage of danger, and the downturn of the world economy will be transformed into factors that affect the growth of demand in the global steel market in the future. There are also some optimistic experts who hold different views and put forward that “the crude steel output is low and then high, the global steel production supply pressure is increasingâ€, “the steel price will be supported by the original fuel cost, and the trend is expected to be low and highâ€, although the problem is straightforward. A point of confidence. It is believed that global steel production will rise again in the second half of 2012. Steel production will show a low and high level for the whole year. Global crude steel production is still expected to surpass the 1.5 billion tons in 2011 and reach a new high of 1.6 billion tons. On the other hand, the global steel raw fuel, such as iron ore, will continue to be at a high level, and there will be no fundamental change. It will become a support point for steel prices to continue to decline. The trend of price recovery will be worth looking forward to.
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