Study on the trend of China's steel market

China has entered a stage of high-quality development and has many advantages and conditions. In the face of profound changes in the domestic and international environment, under the guidance of the "14th five year plan", China will accelerate the formation of a new development pattern with domestic circulation as the main body and domestic and international double circulation promoting each other. The construction of China's new development pattern is conducive to activating the strong endogenous power of high-quality development, and will further stabilize and expand consumption and expand effective investment.

Considering the domestic and international economic development situation and China's GDP growth target, based on the judgment that China's "big construction industry" and manufacturing industry will maintain a good development trend in 2021, China's steel consumption is expected to increase slightly in 2021. In the short term, China's steel consumption will remain at a high level, and steel exports may be flat. But in the medium and long term, China's steel consumption will show a slow decline.

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