World Steel Association released its outlook for the steel industry on October 16. It is estimated that global steel demand will reach 1.658 billion tons in 2018, up 3.9% year-on-year. It is expected that global steel demand will reach 1.681 billion tons in 2019, up 1.4% year-on-year; China is expected to 2018 Steel demand will increase by 6% to 718 million tons in the year and will stabilize at 718 million tons in 2019.

AlRemeithi, chairman of the World Steel Association's Economic Committee, commented that global steel demand in 2018 continues to show the resilience of the recovery of investment activity in emerging economies and the improvement in performance of emerging economies. However, the association also pointed out that rising trade tensions and unstable currency movements are increasing the uncertainty of future demand.

The continued trade friction with the United States and the global economic slowdown also pose downside risks to the Chinese economy. The worldsteel said that increasingly stringent environmental protection regulations will also lead to a slowdown in Chinese steel demand at the end of 2018 and 2019, but if the Chinese government decides Taking economic stimulus measures to curb downside risks, China's steel demand will be boosted in 2019.

The latest research report of CITIC Securities pointed out that the annual growth rate of steel demand is expected to stabilize. From the perspective of real estate, although the long-term decline in steel consumption is a general trend, the steel industry will see a significant decline in the second quarter of next year.

However, due to factors such as environmental protection and limited production, the pressure on the supply side of steel will continue to increase. The industry expects steel prices to fluctuate at a high level in the fourth quarter. The annual performance of listed companies in the steel industry is relatively certain. Statistics show that 16 A-share listed companies have issued third-quarter performance reports or previews, all of which are reported. Shen Wanhongyuan expects the listed steel companies' overall performance in the first three quarters to increase by 76% year-on-year, of which the single-quarter results in the third quarter hit a record high, up 27% year-on-year and 9% quarter-on-quarter. Zhongtai Securities expects that the profit of the steel industry in the fourth quarter can still maintain a high level.