Baosteel Chairman Of Warning: The Chinese Iron And Steel Into The Slow Growth Period - Steel, Iron

Baosteel chairman Xu Lejiang recently said the global steel industry may become similar

to the last century 70's downturn after the oil crisis period of development; the Chinese steel industry will enter a slow growth era. So far, China's steel industry, the situation is not the most difficult times, more severe test in fact is just beginning.

Xu Lejiang that, overall, this year's economic development environment will be better than last year, but we should also clearly see that the situation facing the domestic economy is still very complicated and does not sound basis for world economic recovery, oil and other commodity prices and U.S. dollar exchange rate volatility may increase. Global steel industry may become similar to the last century 70's downturn after the oil crisis in the development of China's steel industry into the era of low growth. At the same time, carbon emissions have become the reality of China's steel enterprises are facing pressure. Baosteel is also facing the emergence of new competitive landscape changes: the size of Baosteel has obvious advantages; product homogeneity competition; cost pressures further intensified, high cost "constitution" has become the bottleneck.

Xu Lejiang said the current economic situation and the steady rise of the steel are also some improvement in market conditions, "it seems the crisis has passed, a good life slowly returned." The fact is, so far, China's steel industry, the situation is not the most difficult times, more severe test in fact is just beginning. If you are blindly optimistic, thinking to let up, the consequences of extremely dangerous?? May not be the first wave of "violent" by the defeat, but in the long period of "continuous rain," the defeated. "This is not alarmist, but after analyzing the objective law of development of the industry's concerns."

Present, Baosteel is the international financial crisis should summarize experiences and lessons learned, effective measures to institutionalize processes, the formation of long-term mechanism, a new comparative advantage. In the new competitive environment, Baosteel still have the advantages and potential of: Baosteel profitability of each unit has a strong advantage, R & D and quality control is still in a leading position in the non-blast furnace ironmaking technology, green product development technology, pure steel smelting technology, energy saving technology, clean development mechanism and management leadership in the field of Steel will make iron and steel enterprises is expected to become the environmental management of the leader.

As a good grasp of the development and overseas expansion of domestic relations, Xu Lejiang that the next 10 years, global steel demand and production capacity will further shift to emerging market countries. The long term, as the world's largest steel producer, China's steel industry is an inevitable trend in the international transfer of only a matter of time. Internationalization of China's steel industry will Made in China Large-scale international business simultaneously.

Xu Lejiang said that Baosteel is, to see the international development of iron and steel enterprises is a natural evolutionary process. Baosteel's international development should make full preparations to carry out preparatory work for the layout, not anxious. At present, Baosteel international operations key tasks is to establish a global security system, steel raw material resources, study the layout of overseas production system, to capture development opportunities, enhance the Baosteel steel products in the international market competitiveness and control.

by: gaga

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