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The third ministerial meeting of the Global Forum on Overcapacity of Steel was held in Tokyo, Japan

On October 26 2019, the third Global Forum on Steel Excess Capacity Ministerial Meeting was held in Tokyo, Japan. Chinese Assistant Minister of Commerce Li Chenggang attended the meeting at the invitation of GFSEC. China highlighted, China has reduced the most steel capacity and made the greatest contribution among all GFSEC members. China joined the Forum in the spirit of sincerity and cooperation. China is the only member of the Forum that has set targets and taken concrete actions on capacity Since 2016, China has reduced more than 150 million tons of steel production capacity, which is 114% of the world's total capacity reduction. In this process, China has resettled 280,000 steel workers alone, which outnumbers total steel workers respectively in the United At present, China's steel market has improved significantly. The utilization rate of crude steel production capacity has reached a reasonable range of more than 80%. China has made a great contribution to the healthy development of the global steel industry . China stressed, most of the steel made in China is to satisfy domestic demand. Although China accounts for half of the global steel capacity and production, its consumption of steel is also near to half of that of the globe. At present, 93% of China's steel products are consumed domestically, only 7% of its output is exported, which has not flooded the global market. China noted,excess capacity is a common challenge facing the whole world. The scourge of this round of steel overcapacity is the global economic recession and the decline of steel demand caused by the international financial crisis in 2008. Excess capacity is a universal, cyclical and Structurals in economic development. All parties should take an objective, historic and unbiased view of global steel excess capacity in the context of the financial crisis, and take concerted efforts to address it, in line with the principle of “global challenge, collective response ", which has been leaders' consensus since G20 Hangzhou Summit. China reiterated, the Chinese government has provided the steel industry with appropriate WTO-consistent subsidies and support measures, which have not distorted the market or contributed to overcapacity. The information shared by Forum members on policies and measures show that China's support measures are also what Other members used to provide or are providing to their industry. China believed, there are sufficient basis and reason for the Forum to come to an end as its duration expires. The Forum of Terms of Reference (TOR) provide, "The duration of the Global Forum will be three years. The duration can be extended based On the consensus of the members." The Osaka Leaders' Declaration did not authorize the extension of the Forum, and at the Ministerial Meeting, members failed to reach a consensus on it. Henceforth, the Forum comes to a natural end as the three- Year duration expires. China regretted that the ministerial meeting failed to reach consensus on the ministerial report. Even though, China is willing to conduct communication and cooperation with relevant parties in an open-minded way. After the Forum ends, the relevant issues on steel industry and trade can Be discussed through existing channels and bilateral mechanisms.

2019

11/21

Hangzhou was selected as a pilot of the steel structure assembly house of the Ministry of Housing and Urban-Rural Development

In the new era, rural residents are looking forward to safer, more economical and more environmentally friendly farm houses. In recent years, light-weight steel-structured farmhouses have been receiving more and more attention as new demands for new periods. Many cities have piloted them. Construction. Light steel structure assembled farmhouses Shorter construction cycle, safe, economical and environmentally friendly. It is precisely because of the various advantages of light steel structure construction. From 2017, Hangzhou will be the first national pilot city for assembly-type construction industrialization in China, actively cultivate steel structure assembly-type construction enterprises, and explore the promotion of light steel structure in rural housing. Aspect of the application. The relevant person in charge of the Municipal Construction Committee told the reporter. “Since the city started its pilot project in Lin’an District, there have been nearly 300 assembled farmhouses with a building area of ​​over 80,000 square meters.” At present, based on the results of the first batch of pilot projects, Hangzhou has further explored the approval process for light steel structure farm houses, construction quality insurance and construction project contract performance insurance system, and strived to explore aspects such as housing quality, construction quality, technology promotion and management system. More experience, the relevant person in charge of the Municipal Construction Committee said, "Hangzhou will make every effort to build a beautiful, practical, quality, safe and affordable assembly farmhouse, to meet the diverse needs of the people, and to continue to improve the sense of rural habitation and happiness."

2019

11/09

Ministry of Industry and Information Technology: Supporting the development of special steel industry from four aspects: promoting the development of new steel materials

According to the Ministry of Industry and Information Technology on October 28th, the Ministry of Industry and Information Technology pointed out in the reply to the proposal of the 14th National People's Congress Second Conference No. 7404 that the next step will support the development of the special steel industry from the following aspects. The first is to consolidate steel production capacity. In the second half of 2019, the Ministry of Industry and Information Technology will jointly carry out the development and reform commissions and other departments to carry out supervision and inspections to eliminate backwardness and resolve excess capacity, and maintain a high pressure on the illegal production of steel production capacity. The second is to do a good job in industry normative management. Continuously improve the industry management methods and methods, and start to revise the industry standard management methods in a timely manner in response to the new situation and new requirements, continue to do dynamic management of industry norms, and maintain a fair market environment for the steel industry. The third is to guide the development of short-process steelmaking. To study and formulate guidelines for guiding the development of short-process steelmaking, and strengthen the development of scrap steel resource protection system, reduce the cost of electricity, and encourage financial institutions to support advanced special steel enterprises that use short-process steelmaking to guide the development of electric furnace steel in an orderly manner. Special steel enterprises improve their market competitiveness. The fourth is to promote the development of new steel materials. With the new steel materials as the starting point, the special steel enterprises will be guided to participate in the construction of new steel material platforms. Through the upstream and downstream cooperation of the industrial chain, the problem of “card neck” of some key steel materials will be accelerated and the development of special steel industry will be promoted.

2019

11/01

Development and Reform Commission: Operation of the steel industry from January to September in 2019

From January to September 2019, the country's crude steel output continued to grow, but due to changes in market supply and demand conditions and changes in raw fuel prices, the efficiency of steel companies fell compared with the same period last year. The basic situation of the operation of the steel industry is as follows. (1) Crude steel production maintained growth. According to the National Bureau of Statistics, the output of pig iron, crude steel and steel in the country from January to September was 61.203 million tons, 74.782 million tons and 909.31 million tons, respectively, up 6.3%, 8.4% and 10.6% respectively. (2) Steel exports continued to decline. According to the data of the General Administration of Customs, from January to September, the country exported a total of 50.305 million tons of steel, down 5.0% year-on-year; the cumulative import of steel products was 8.751 million tons, down 12.2% year-on-year. (3) Steel prices fluctuate downward. According to the China Iron and Steel Association, the average China steel price index for January-September was 108.58 points, down 7.17 points year on year, or 6.2%. Since the beginning of May this year, the China Steel Price Composite Index has been oscillating downwards, rising by 1.3% from the end of September, but still down 12.8% year-on-year. (4) The company's efficiency decreased year-on-year. From January to September, members of the China Iron and Steel Industry Association achieved sales revenue of 3.18 trillion yuan, a year-on-year increase of 11.6%; realized profits of 146.6 billion yuan, down 32.0% year-on-year; sales profit margin was 4.6%, down 3.0 percentage points from the same period of the previous year. (5) The overall inventory of steel products has decreased. The social stocks of five kinds of steel (rebar, wire, hot rolled coil, cold rolled coil, medium and heavy plate) in major cities across the country reached a peak of 16.45 million tons at the end of February, and fell to 12.19 million tons at the end of June, after which it fluctuated slightly. After the recovery, by the end of September, the social inventory was 13.31 million tons, a decrease of 5.1% from the previous month. (6) Imported ore prices fell back. According to data from the General Administration of Customs, imported iron ore from January to September was 784 million tons, down 2.4% year-on-year. Imported iron ore prices reached a peak of 119.51 US dollars / ton in the first two years in early July. Due to factors such as the increase in iron ore supply and the slowdown in steel production growth, the price of imported iron ore fell back. At the end of September, the price of imported iron ore was 91.4 US dollars. / ton, still at a high level.

2019

11/01

China's steel production accounts for 50% of the world, and “First Steel Enterprise” actively integrates into low-carbon transformation.

China Baowu Iron and Steel Group Co., Ltd. (hereinafter referred to as China Baowu) announced on the 17th that China Baowu is actively integrating into the low-carbon transformation of the global steel industry. China Baowu is the number one steel company in China and the second in the world. In December 2016, “Wugang”, the first large-scale iron and steel enterprise in New China, and “Baosteel”, a large-scale steel enterprise built in the early days of China’s reform and opening up, were reorganized into China’s Baowu. In September 2019, China Baowu and Maanshan Iron and Steel Group signed a restructuring agreement. After the restructuring of “BMW”, the total output will account for about 9.4% of China's crude steel production. Chen Derong, chairman of China Baowu, said that the low-carbon transformation of global steel requires the active participation and active action of Chinese companies. China's steel production accounts for 50% of the world's total. China's huge production capacity can provide sufficient market demand and application scenarios for global steel low-carbon process and technological innovation, and provide guarantee for maximizing the benefits of green technology innovation. At the recent Worldsteel Executive Council meeting in Monterrey, Mexico, China Baowu issued an initiative to establish the “Global Green Low Carbon Metallurgy Alliance”. Chen Derong said that China Baowu is willing to invest heavily in green innovation resources - to set up a low carbon metallurgy innovation research center and to build a "low carbon metallurgy technology innovation fund" to support the operation of the "global green low carbon metallurgy alliance". "In the long-term practice, we deeply understand that the green transformation is a subversive revolution of the traditional steel value chain. The non-industry can be completed, and the joint efforts of steel enterprises and upstream and downstream enterprises in the industrial chain are needed." Chen Derong said.

2019

10/24

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