In 2012, the global steel industry is facing a more complicated situation

A few days ago, some analysts stated that countries in the world are reducing production of steel. This shows that not only is China's steel industry facing a more complex situation in 2012, but also the global steel industry must face many problems.

It is understood that the top issue in the global steel industry is the slowdown in world economic growth, which inhibits the increase in steel demand. In 2012, the world economy is still facing many uncertainties, and the steel industry is therefore facing a more complex situation. It is a consensus that the developed countries’ economies that have experienced the sovereign debt crisis will grow at a low rate. While the major emerging markets have maintained a relatively good economic growth, the inflationary pressures have increased and the risk of a “hard landing” has increased. The IMF pointed out in the "World Economic Outlook" summary that the global economy has entered a new dangerous phase, and the downturn of the world economy will be transformed into factors that affect the future growth of the global steel market demand.

There are also some optimists who hold different views and put forward that “the production of crude steel before low and high, the global pressure on the supply of steel production to increase”, “the price of steel will be supported by the original fuel costs, the trend is expected to be low before high”, although facing the problem, but And full of confidence. It is believed that the global steel production in the second half of 2012 will once again show an upward trend. In the whole year, the output of steel will show a situation of low and high. The global crude steel output is still expected to exceed 1.5 billion tons in 2011 and reach a new high of 1.6 billion tons. On the other hand, the situation that the global iron and steel raw materials such as iron ore and other prices are continuing to remain high will not fundamentally change, and will become the support point for the unsustainable downward movement of steel prices. The upward trend in prices will be worth looking forward to.