(MENAFN – GetNews) In 2020, beneath the affect of particular components such because the epidemic, China’s crude metal manufacturing exceeded the 1 billion ton mark for the primary time, and its share of world metal manufacturing rose to 57%. Whereas this unconventional high-speed development has allowed the income of metal corporations to rise, it has additionally triggered some chilly considering within the trade.
On the twentieth, the ‘2021 (twelfth) China Iron and Metal Growth Discussion board was held in Beijing. Many trade consultants mentioned right here that it’s essential to be soberly conscious that the speedy development of China’s metal trade final 12 months was ‘irregular, and the event of the metal trade nonetheless faces three main challenges akin to quantity discount, low carbon, and security.
Metal is among the steel supplies with the widest software vary and the very best recycling fee on the earth. The metal trade typically represents the great power of a rustic or financial system. Yu Yong, chairman of the World Iron and Metal Affiliation and chairman of HBIS Group Co., Ltd., mentioned on the identical day that since 1996 when metal manufacturing exceeded 100 million tons, China has maintained the world’s first metal output for 25 consecutive years. Particularly up to now 10 years, China’s metal output has persistently maintained greater than half of the world’s metal output.
Official information present that in 2020, China’s crude metal and metal output will attain 1.065 billion tons and 1.325 billion tons, a rise of seven.0% and 10.0% respectively year-on-year. In the identical interval, in line with the China Iron and Metal Affiliation, the obvious consumption of home crude metal reached a report excessive, a year-on-year improve of 9%; the efficiency of metal enterprises improved, and the important thing statistical metal corporations realized a revenue of 207.4 billion yuan, a rise of 6.59% year-on-year.
Luo Tiejun, vice chairman of the China Iron and Metal Affiliation, mentioned frankly that the development within the efficiency of the metal trade lately is especially as a consequence of supply-side structural reforms and a sequence of nationwide macro insurance policies to answer the epidemic. However we must be soberly conscious that this speedy development final 12 months was ‘irregular.
Li Xinchuang, Secretary of the Get together Committee and Chief Engineer of the Metallurgical Trade Planning and Analysis Institute, additionally reminded that the present excessive development in metal consumption ought to be handled calmly. It might make it harder to realize carbon emission discount targets, a brand new spherical of provide and demand imbalances, and overheated funding within the metal trade. And the problem of useful resource safety has elevated.
In the beginning of this 12 months, Huang Libin, director of the Operation Monitoring and Coordination Bureau of the Ministry of Trade and Info Expertise, mentioned that it’s essential to resolutely cut back metal manufacturing and can research and formulate related work plans to make sure that metal manufacturing will likely be totally diminished in 2021.
Luo Tiejun identified that analysis has discovered that the present manufacturing capability of China’s metal can totally meet future demand, which has reached a consensus within the trade. Sooner or later, the iron and metal trade will deal with growing funding in product high quality, low-carbon, inexperienced and clever points to realize transformation and upgrading.
Intently associated to quantity discount improvement is low-carbon improvement. China has beforehand proposed that it strives to achieve its peak carbon dioxide emissions by 2030 and obtain carbon neutrality by 2060. The metal trade is a key carbon emission trade that each one nations on the earth are listening to. Li Xinchuang identified that from a worldwide perspective, the metal trade straight emits 2.6 billion tons of carbon dioxide every year, accounting for 7% of the whole emissions from the worldwide power system, exceeding the emissions of all highway freight.
As a rustic with the very best metal manufacturing on the earth, China’s strain is self-evident. Hu Wenrui, director of the Division of Engineering Administration of the Chinese language Academy of Engineering and academician of the Chinese language Academy of Engineering, identified that the metal trade is the trade with the most important carbon emissions among the many 31 sectors of the manufacturing trade, accounting for about 15% of the whole emissions.
Consultants imagine that, as a way to obtain the height of carbon in all industries, the metal trade should ‘get forward.
Along with low-carbon and quantity discount improvement, many consultants reminded that China’s metal trade is just too depending on overseas supplies for uncooked supplies, and measures should be taken to make sure the protection of the trade’s improvement.
Hu Wenrui identified that in 2020, China’s iron ore imports hit a report excessive, and iron ore costs hit an 8-year excessive. The sharp rise in iron ore costs as soon as once more highlights the fragility and instability of China’s metal trade industrial chain, particularly the uncooked materials provide chain, and severely restricts the secure and protected improvement of the metal trade.
Luo Tiejun mentioned that the institution of an affordable iron ore pricing mechanism ought to be promoted by means of marketization and rule of legislation, in order that the framework conforms to the legal guidelines of the market. On the similar time, we should always focus our efforts to speed up the event of home and overseas iron ore sources, and improve the output of home ore as an necessary means to make up for shortcomings; as well as, we should pay full consideration to the recycling and utilization of scrap metal sources.
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