The development of the manufacturing industry is good for the demand side

In 2021, a large number of major infrastructure projects in my country will start intensively, and the strength of "steel demand" will be better than in 2020. The industry predicts that my country's steel demand will reach 991 million tons in 2021, a year-on-year increase of 1.0%.

The support for demand mainly comes from the manufacturing industry. Manufacturing is the foundation of a country and the foundation of a strong country. After the outbreak of the epidemic in 2020, the manufacturing industry has played a vital role in the rapid recovery of my country's economy, and the areas where Sino-US trade frictions are frequent are mainly concentrated in the manufacturing industry. Therefore, steel traders predict that during the "14th Five-Year Plan" period, my country's manufacturing industry will maintain a high growth trend. The "Proposals of the Central Committee of the Communist Party of China on Formulating the Fourteenth Five-Year Plan for National Economic and Social Development and Long-Term Goals for 2035" specifically proposes to accelerate the building of a manufacturing power.

Since 2021, all parts of the country have been accelerating the development of manufacturing. On January 17, Anhui Province held an on-site promotion meeting for accelerating the construction of characteristic industrial clusters and the province’s implementation of the "Six Stability" major projects. 249 major projects were started in various cities in the province, with a total investment of 113.007 billion yuan, covering strategic emerging Upgrading and transforming industries and traditional industries in 12 areas. On February 20th, Henan Province’s 2021 key projects will be launched intensively. 2772 key projects participated in the project, with a total investment of 1.6 trillion yuan, mainly involving the "two new and one heavy", advanced manufacturing, social and people’s livelihoods, among which the province There are 220 high-level key projects with a total investment of 392.8 billion yuan. On February 24, Shenzhen City, Guangdong Province held the first batch of 200 billion yuan investment in newly started projects in 2021, involving 222 newly started projects, with a total investment of about 264.45 billion yuan.

Judging from the number of major engineering projects that have been started since the beginning of this year, the manufacturing industry will continue to maintain a strong momentum this year. Based on this, steel traders predict that the growth rate of my country's manufacturing industry in 2021 may be synchronized with the growth rate of GDP. According to industry forecasts, steel consumption in the machinery manufacturing industry will reach 580 million tons in 2021, a year-on-year increase of 1.0%. The consumption of steel in downstream industries such as automobiles, home appliances, railways, containers, and steel-wood furniture will rise sharply, helping the intensity of "steel demand" continue to increase.