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Medium and high end special steel demand is expected to usher in rapid growth

Posted:2021-03-09 15:22:30

In the context of carbon neutral, some analysts are more optimistic about special steel. Special steel is different from ordinary steel and belongs to the industry with strong policy support. China's medium and high-end special steel has "import substitution" inside and "global share increase" outside. At present, the proportion of medium and high-end special steel in China is about 4%, which is still quite different from Japan, Europe and other developed countries. With the rapid development of China's medium and high-end manufacturing industry, the demand for medium and high-end special steel is expected to usher in rapid growth.

Overseas, according to relevant media reports, with the easing of COVID-19's situation, the manufacturing industry in the United States has gradually recovered, but many steel mills have recovered slowly, resulting in insufficient supply of steel materials. One parts manufacturer learned that due to the shortage of steel raw materials in the industry, it took 12 to 16 weeks to receive the steel that took only eight weeks in the past, falling into the dilemma of "having orders but no steel". According to statistics, more than 30000 parts manufacturers in the United States are facing the same dilemma.

With the introduction of a series of fiscal stimulus policies in the United States, the expectation of economic recovery in the United States in 2021 is still heating up. Combined with loose liquidity, the bulk commodities represented by steel may continue to benefit, and the price will continue to rise.