As early as four years ago, according to the statistics of the South African National Industrial Development Corporation (IDC), South Africa's steel production at that time could meet domestic consumption, but by 2020, even the most conservative forecast, consumption will reach 10 million tons. Exceeded the crude steel output at that time.

Four years later, the predictions of the South African National Industrial Development Corporation (IDC) have become a reality ahead of schedule, with South Africa's annual steel demand reaching 10 million tons.

China-Africa cooperation era

From September 3 to 4, the Beijing Summit of the Forum on China-Africa Cooperation, with the theme of "cooperation and win-win, and building a closer community of fate between China and Africa" was successfully held. South African President Ramafosa, former co-chairman of the China-Africa Cooperation Forum, said in an interview with media reporters: "Africa and the Chinese people need a community of destiny. This community of destiny is based on solid cooperative measures and is worth The two sides fought together. Leaders from many countries on the African continent and Chinese President Xi Jinping gathered together to further consolidate the view that China-Africa relations have entered a golden age. This is an era of extraordinary significance and deep cooperation. The two sides are a mutually beneficial and win-win partnership. China's relations with African countries are based on equality and mutual respect."

At present, China's steel industry is still in the period of supply-side structural reform. In 2017, China's steel industry not only completed 50 million tons of de-capacity tasks, but also completed the task of banned 140 million tons of “strip steel” on schedule; green development in 2018 It will become a general form; it will further deepen the supply-side structural reform, consolidate the supply-side structural reform results, continue to focus on the de-capacity of key areas, and prevent the resurgence of illegal production capacity such as “strip steel”; effectively use market-oriented and rule-of-law Means, continue to eliminate low-end production capacity, increase effective supply, accelerate the cultivation of new kinetic energy, and promote the steady development of the steel industry.

Can China's steel industry, which is facing overcapacity, take the ride of China-Africa cooperation?