Posted on 07 Mar 2008
As a fundamental industry of the national economy, steel
sector has met demand from various other industries over the years and its
rapid development, presented by largest steel production for 12 straight years
in the world also boosts anticipation of all regions that project to invest in
steel expansion. Thus, making a good demand forecast to give guidance to its
growth is of great significance to sustainable and healthy development of the
steel industry.
On the symposium, industries division of NDRC analyzed current
economic situation and gave stress to the importance of making steel demand
forecast well. The CISA introduced steel industry status while the major
industry associations made detailed account of their development, demand for
and consumption of steels as well as the trends.
The symposium attendees said with rapid growth of the
national economy, steel consuming sectors such as construction, machinery,
light industry and automobile all kept fast headway these years. Processing
with specific condition of each sector, the associations offered data about
steel demand and the calculation methods of each of the downstream industries.
In the meantime, they put up requests in terms of variety
and quality of the steel products. In specific, the railway department hoped to
raise output of 100 million cut length steel rail with improved quality; the
real estate industry wanted to make more 500 million per annum high strengthen
corrosion resistant rebar; and the machinery sector called for localization of
they needed special steel varieties.
The industries department and CISA shall proceed with steel
demand forecast based on data offered by each sector.
