Since the beginning of this year, the international situation has been complicated and severe, the epidemic has spread in many places in China, and the national economy has been faced with the triple shock of "demand contraction, supply shock and weakening expectations", bearing downward pressure beyond expectations. According to the situation reflected by enterprises, in the third quarter, the operating environment of the steel industry is more severe, and the production and operation of enterprises are faced with challenges such as weakening downstream demand, falling steel prices and rising raw fuel costs. The overall efficiency index of the industry is at a low level in recent years. In "word pledge, seek improvement in stability" of the CPC Central Committee and the State Council decision deployment, the steel industry insist on epidemic prevention and stable operation "double", try to overcome poor supply chain logistics, the original fuel prices high, and many other difficulties, lift quality, and the authors efficiency measures actively, vigorously promotes the production and marketing balance, full of the extract, running situation of the overall remain relatively stable, It played an important role in stabilizing the development of the national economy.
Overall, the steel market environment in the fourth quarter is still not optimistic, the economic operation of the industry is still facing great pressure, stability and improve the level of efficiency is the industry's primary task, still need to pay great efforts. However, with the implementation of the national economic stabilization package policy and the formation of more physical workload, the national economy continues to recover the development trend, it is expected that the demand for steel will gradually pick up, the main indicators of the steel industry will show positive changes, month-on-month trend of stability.
The international market is still volatile, energy supply is still a problem, overall asset quality remains good, corporate response is increasingly focused, and at the same time, the differentiation between companies is increasingly obvious. On the whole, today's Chinese steel is not the state of 2008 and 2015, under the market pressure, an industry change is unfolding, the global steel is undergoing tests, China's steel industry has the conditions and ability to get out of this wave of market cycle with a better posture. We believe that there will be outstanding leaders in China's iron and steel enterprises to lead China's iron and steel enterprises to overcome difficulties and get out of difficulties to meet the next new period of development. There will be a group of enterprises in the severe market impact under the positive reform, transformation, complete change of ideas and business methods, with a brand new posture in the steel market; There will also be some enterprises in this process in a different way to exit the steel market. The process of readjusting to new levels of demand is bound to be a survival of the fittest, for which we must be fully prepared.
