Over the past year, China's steel and steel demand has been relatively strong, with crude steel apparent consumption reaching 1.03 billion tons, up about 8%.It is expected that the national demand for steel and steel will continue to grow steadily in 2021, and the annual demand for all crude steel (including direct export, the same below) will exceed the mark of 1.1 billion tons, increasing by more than 4%.

China's steel and steel demand will increase significantly in 2020

According to statistics, the apparent consumption of crude steel in 2020 will be 1,017.8 million tons, an increase of 7.6% over the previous year.If tens of millions of tons of billets and rough forgings imports are taken into account, China's apparent crude steel consumption in 2020 should exceed 1.03 billion tons, an increase of about 8% over the previous year, showing a strong growth momentum.

In 2020, China's direct export volume of steel will be 53.67 million tons, which translates into 56.5 million tons of crude steel. Based on this calculation, China's total crude steel demand in 2020 will be over 1.05 billion tons, an increase of about 6% over the previous year, which is also a substantial increase.

China's steel and steel demand growth in 2020, the main reasons for the two strengthening: one is the policy-making departments counter-cyclical adjustment, increase the intensity of fixed asset investment, so that the national economic demand structure of steel demand has been strengthened.Second, the severity of the global epidemic and the escalation of the "trade war", so that all steel demand in the domestic demand has been strengthened.

The steady growth of China's steel demand in 2021 will not change

Looking forward to 2021, China's crude steel demand is expected to exceed 1.06 billion tons, with an increase of more than 4%, due to the significant acceleration of the macro economy, the strengthening of the key effect of stabilizing investment, and the relatively loose financial environment.

Moreover, due to the improvement of export environment in the New Year, China's steel demand will also decline to increase. It is expected that the annual steel export volume will reach or close to 60 million tons, with an increase of more than 10%, and the converted crude steel level will be above 60 million tons.In this way, China's national crude steel demand in 2021 will exceed 1.1 billion tons, hitting a record high again.

In 2021, China's total crude steel demand will hit a new high again, which is bound to drive the national crude steel output and iron ore imports to a new level.At the same time, also because of the increase in the production of economies of scale, the appreciation of raw material inventory, steel sales prices, declining interest rates, statistical base comparison and other factors, the iron and steel industry profit will also have a relatively large increase, especially in the first quarter and the first half of the benefit indicators will be very bright.Drived by its, the same period of the stock market steel plate will have a good performance.