The development trend of China's scrap steel market

发布时间：2021-09-11 16:08

　　

　　 1. The crushing material market has a larger development space

　　 With my country’s economic development and the increase in steel production and savings, more and more scrap steel is produced every year. Based on the domestic consumption of 215 million tons of steel scrap in 2019, if the annual consumption of steel scrap increases by 20%, and the corresponding light and thin materials are still calculated at 15%, the new crushed steel scrap will be increased by about 6.45 million tons each year. From the perspective of the development of scrap steel in the United States, the market share of crushed materials is gradually increasing. Later, with the rapid development of China's industry, the market share of crushed materials will also increase.

　　2. Combining futures and cash to hedge risks has become the development trend of the steel industry

Affected by the new crown pneumonia epidemic at the beginning of 2020, the scrap steel market price fluctuates greatly. Due to the high social inventory at the end of 2019, the consumption of scrap steel is weak, the spot market price of scrap steel has plummeted, it is difficult for enterprises to withdraw funds, and the scrap steel processing enterprises have suffered serious losses. Under control, economic development resumed, and prices experienced a sharp rise. The futures tools allow scrap companies to avoid certain risks of market price fluctuations. With the joint efforts of DCE, the Scrap Steel Association and some steel companies, the listing of scrap steel futures is just around the corner. In this context, more and more scrap steel industry chain companies are participating in the futures market to effectively optimize resources.

　　3. Sustainable development and green development are the only way

　　Under the background of the country's vigorous efforts to promote the construction of ecological civilization, it has become a consensus to take the road of sustainable development and green development. With the increasing price of iron ore and the continuous reduction of resources, as well as the rapid development of China's economy, it can be predicted that the prospects of China's scrap steel market are promising. "Eat more scrap steel and eat less ore" will surely become an environmental protection concept advocated by the steelmaking industry. Because it conforms to the current energy-saving and environmental protection industry policy and conforms to the trend of low-carbon economic development, the processing and processing of scrap steel will also be an ascendant. industry.

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