Development trend of iron and A283 grc etc. steel industry at home and abroad

According to statistics from the world iron and Steel Association, the world's crude steel output in 2017 was 16.9 billion tons, up 5.3% over the same period last year. In 2018 and 2019, global A283 grc etc. steel demand will increase by 3.9% and 1.2% respectively. According to the follow-up study of the Institute of Planning and Research of Metallurgical Industry in recent years, the world iron and steel industry has entered a new stage, that is, a new round of platform period, and the global iron and A283 grc etc. steel industry will usher in a long adjustment process.

In recent years, the global iron ore market has been in a state of oversupply, and iron ore is basically used for pig iron smelting. According to the statistics of the World Iron and Steel Association, the global pig iron production (including direct reduction iron) reached 1.248 billion tons in 2017. According to roughly estimating that it takes about 16 tons of finished iron ore to smelt a ton of pig iron, the global iron ore demand in 2017 is about 2 billion tons, while the global iron ore output in 2017 is 2.06 billion tons. That is, the global iron ore surplus in 2017 is 60 million tons. In 2017, China's crude steel output was 8.32 billion tons, an increase of 3% over the same period, accounting for 49.2% of the world's A283 grc etc. steel output. According to the research and judgment of the Institute of Planning and Research of Metallurgical Industry, China's iron and A283 grc etc. steel industry has entered a new stage of reduced development, innovative development and high-quality development.