The 2022 China Steel Market Outlook and “My Steel” Annual Meeting was held in Shanghai on February 25-26, 2022, jointly hosted by metallurgical Industry Economic Development Research Center and Shanghai Ganglian e-Commerce Holdings Co.,Ltd. (MySteel Network) with the theme of “Seeking value Balance in development and Value Coexistence in Transformation”.
As an important part of the annual conference, “20 Industrial Wire Industry Chain Conference” was successfully held in Crowne Plaza St. Noah hotel on February 25th, co-hosted by Fastener Branch of China Machinery General Parts industry Association and Shanghai Ganglian e-Commerce Holdings Co.,Ltd. (Mysteel) and guided by Shanghai Futures Exchange.
The conference attracted many leaders, government staff, experts and scholars from domestic industrial wire industry and representatives of industrial wire production, trade and terminal enterprises. We gathered together to discuss market development and look forward to the future of the industry.
The 2022 China Steel Market Outlook and “My Steel” Annual Meeting industrial Wire Industry Chain conference was hosted by Chen Jingfu, Vice General Manager of Steel Business Division of Shanghai Steel Association. On behalf of Shanghai Steel Association, Mr. Chen extended his warmest welcome and heartfelt thanks to all the leaders and guests.
First of all, Mr. Xue Kangsheng, president of Fastener Branch of China Machinery General Parts And Components Industry Association, delivered a speech. “As the backbone of China’s industry, ‘iron and steel industry’ provides raw material guarantee for the national manufacturing industry as well as our fastener industry, reflecting the strength and responsibility of a big steel country. In 2022, our industry is determined to cooperate with Shanghai Iron and Steel Association “My Steel”, and will jointly launch “Fastener Raw Material Price Index” at the “China (Shanghai) International Fastener Expo” on June 3rd, to standardize and guide the healthy operation of raw material prices in the market. We will take the initiative to meet the challenges and opportunities, play a tenacious spirit of hard work, and strive to achieve the smooth operation and progress of the industrial economy in 2022.”
Then, the theme conference into the speech. Zhang Peng, senior analyst of Mysteel Coal coke Business Division, delivered a wonderful keynote speech entitled “Coal Coke Market Outlook in the second quarter of 2022″. Zhang Peng analyzed the reasons for the phased imbalance of coal prices in the domestic market in 2021 and the overall upward movement of the price center, and predicted that the coking coal market demand will increase in the second quarter of 2022 when production restrictions are relaxed.
Panting Xu, industrial Wire analyst of Mysteel, delivered a wonderful speech entitled “Mysteel: Industrial Wire 2021 Review and 2022 Outlook”. Xu Panting needle thinks that the price of industrial wire in 2021 is affected by the policy bigger, and forms the three cycles with bigger price fluctuations. The demand outlook of the industrial wire industry in 2022 is mainly discussed from the automotive and aerospace industries.
Shen Deshan, consultant of Fastener Branch of China Machinery General Parts Industry Association, delivered a wonderful speech entitled “Analysis and Prospect of fastener Downstream Industry operation in 2021″. Shen made a comprehensive analysis of the development direction of fastener raw materials from the aspects of supply and demand, inventory, market and so on. Shen believed that the current market mood fluctuated greatly, and suggested reasonable control of inventory and the use of appropriate tools to avoid risks.
Zhou Jicai, assistant general manager of Henan Jiyuan Iron and Steel (Group) Co., LTD., delivered a wonderful speech entitled “Strategic opportunities for high-quality development of China’s industrial wire processing”. Zhou Jicai thinks that the strategic opportunity of high quality development of China’s industrial wire processing has come, the global manufacturing market is shifting to China, and the window period of industrial base reconstruction and industrial chain promotion for downstream users of industrial wire has also come.
The wonderful speeches of the guests won warm applause from the audience, and a grand award ceremony was held during the event. The company has awarded the National High Quality Steel Brand Award of 2020-2021, the National Popular Steel Brand Award of 2020-2021 and the National High Quality Trade Enterprise Brand Award of 2020-2021 respectively.
Finally, Wei Yingsong, general manager of Shanghai Iron and Steel Association Research Center, delivered a wonderful speech entitled “Analysis and Prospect of China’s Steel Market in 2022″. Wei Yingsong talked about the current global inflation pressure, the United States and China’S CPI difference has reached the highest year since 2000, 2022, the steel market will face more challenges, steel production or will continue to decline, steel demand has weakened, raw material prices will be rational review, the average price of steel will move down.
The session adjourned at about 17 p.m. “My Steel” annual Meeting appreciation dinner and “2021 China Commodity Award Ceremony” will officially start at 18 PM on 26th, wish this conference a successful conclusion.
Post time: Mar-11-2022