The 2009'China (8th) Construction Steel Industry Chain Summit Forum

 The 2009'China (8th) Construction Steel Industry Chain Summit Forum, co-sponsored by Shanghai Futures Exchange and Shanghai Steel Union Electronic Commerce Co., Ltd. (Mysteel My Iron and Steel Network), was solemnly held at Chenzhou Intercontinental Hotel, Xiamen, from August 27 to August 28, 2019.

On August 28, Ren Zhuqian, Assistant President and General Manager of Steel Business Department of Shanghai Steel Federation, gave a keynote speech on "Basic Analysis of Steel Market in 2019".

Talking about the background of market operation in the first half of the year, Ren Zhuqian summarized that under the pessimistic expectations, real estate investment exceeded expectations and promoted the release of demand exceeding expectations; output increased month by month, and demand released during the low-trough period; price shocks rose; raw material prices of iron ore and scrap steel were high, and coke showed a narrow fluctuation market in 2018; Leverage, stable economic growth in 2019, accelerated fiscal expenditure, high real estate base growth.

In terms of price, it rose first and then declined, peaking in the second quarter; iron ore recovered sharply in the third quarter, and thread declined more than plate.

In addition, in the second half of the year, from the perspective of real estate, infrastructure and manufacturing investment, the growth rate of overall demand is weaker than that of the first half, but it remains relatively stable. From the perspective of supply-demand relationship, with the easing of supply-demand contradiction in September-October, the market may appear to repair the market. But the elasticity of long-term high supply superimposed demand has weakened, and future pressure is obvious.