Deputy director of the Research Center for economic development of metallurgical industry said that this year's policy efforts are more inclined to the demand side, including promoting consumption and increasing investment, and there are many such policies. Therefore, this year's policy environment is to continue to enjoy the dividend of supply side structural reform, and at the same time, superimpose the policy strength on the demand side. However, with the weakening of the impact of policies such as capacity reduction and environmental protection and production restriction, and the release of new production capacity will increase the pressure on market supply, the overall supply-demand relationship in the steel market will remain balanced this year.
****According to economists and strategic officers of asset management companies, the economy may continue to decline in the first half of the year, but it may gradually stabilize in the second half of the year, and even recover to a certain extent. The annual growth rate can reach about 6.2%. However, enterprises still need to be prepared to live a hard life, adapt to the environment of medium and low-speed growth, make greater efforts to reduce the cost of technological progress and improve the management ability and competitiveness. They can't simply hope to usher in a rapid growth external environment.
In the production of special-shaped steel pipe, the crude steel production increased rapidly in the first two months of this year, greatly exceeding the expectation. According to the data of the statistical bureau of China, from January to February of 2019, China's crude steel output was 149580000 tons, with a year-on-year increase of 9.2%, while it is expected to be around 4%. From January to February, the average daily output of crude steel was 2535300 tons, up 3.25% month on month. With the increase of steel production, it is bound to cause pressure on the price.