Daizhihao, deputy general manager of Baosteel, the

2022-08-12
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Dai Zhihao, deputy general manager of Baosteel: the steel industry began its fourth shift of focus

Dai Zhihao, deputy general manager of Baosteel: the steel industry began its fourth shift of focus

China Construction machinery information

Guide: Dai Zhihao, deputy general manager of Baosteel Group Co., Ltd., said at the international maritime annual meeting on November 10 that after three shifts of focus from the United States and Europe, Japan and South Korea, and then to China, The fourth shift of focus may have begun. It is expected that the growth areas of the global steel industry in the future will be mainly in India, Brazil

Dai Zhihao, deputy general manager of Baosteel Group Co., Ltd., said at the international maritime annual meeting on November 10 that after three shifts of focus from the United States and Europe, Japan and South Korea, and then to China, the fourth shift of focus may have begun. It is expected that the growth regions of the global steel industry in the future will be mainly in emerging countries and regions such as India, Brazil, the Commonwealth of Independent States, Southeast Asia, and the Middle East

according to Dai Zhihao, the global steel industry has experienced three shifts in the focus of growth. The first is the growth led by the United States and Europe. From 1880 to 1970, the United States has been a leader in the world's steel industry, accounting for 35% to 60% of the world's total output of impact test models using LCD measurement systems. It reached a record high of 136.8 million tons in 1973. Since the post-war reconstruction in the 1950s, the steel industry in Japan, Germany and France began to recover and catch up. The second is the shift of focus from the United States and Europe to Japan and South Korea. Affected by the energy crisis in the 1970s, the global status of steel in the United States and Europe began to decline, and the steel industry began to shift to East Asia (Japan, South Korea). In 1973, Japan's crude steel output exceeded 100 million tons. In 1993, Mr. Bert Bakker, CEO of Allianz Group, said in an interview that by 1995, Japan had become the world's largest steel producer. The third is the shift of focus from Japan and South Korea to Chinese Mainland. Since the 1990s, the global steel industry has shifted to Chinese Mainland. In 1996, the crude steel production in Chinese Mainland exceeded 100 million tons, becoming the world's largest steel producer

according to statistics, Vale, Rio Tinto and BHP Billiton monopolized nearly 70% of the global iron ore shipping volume in 2009. Over the past decade, China has led the substantial growth of global iron ore trade, and also promoted the continued prosperity of the international shipping market

at present, the main source countries of China's imported iron ore are Australia, Brazil, India and South Africa. Long term global steel demand will support the continued boom of the iron ore shipping market. In the short term, the demand for imported Chinese iron ore will shift from strong growth to low-speed growth; In the medium and long term, China's demand for imported iron ore will tend to be stable. The three mines will remain dominant in the global iron ore shipping market under high temperature (>200 ℃) due to the advantages of main competitive factors such as production capacity, cost, infrastructure and open mass production, which make the concept car no longer out of reach, set of facilities and capital support

as for the pricing model of iron ore trade, he believes that the pricing model is changing, but the process will be complex and changeable, and the result is difficult to determine at present. From 1965 to 2009, the long-term association mechanism with annual pricing was adopted, and the short-term association mechanism with quarterly pricing was adopted in 2010. In the future, the index pricing model or financial pricing model may be adopted

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