Global crude steel production growth accelerated
China, Japan, South Korea and other countries have implemented steel projects in Southeast Asian countries such as Vietnam, Thailand, Malaysia, etc., and the production of crude steel in Southeast Asia has increased substantially. The growth rate of crude steel in the region is higher than the global average speed.
Apparent consumption of steel per capita stopped falling
Judging from the apparent per capita consumption of steel in several major steel producing countries, South Korea's per capita steel consumption in 2017 reached 1106kg, the highest in the world.
Crude steel capacity utilization reached its highest point in five years
Capacity utilization and steel prices have maintained a high degree of consistency. To some extent, the capacity has optimized the supply and demand situation of the steel market, promoted the rebound of steel prices, and also led to the recovery of capacity utilization.
Global steel prices rebounded steadily
Since 2014, due to the overcapacity of global steel production, steel prices have fallen all the way to the lowest value at the end of 2015. As of May 2018, the CRU global steel price index reached 194 points, reaching a new high since 2011.
Global steel industry is showing good momentum
Capacity utilization reached a new high in five years, and the global steel industry is showing good momentum.
Pohang has been elected the world's most competitive steel company for 9 consecutive years
The main topics of the global steel survival strategy conference are the global steel industry trends and future strategies, through the production scale, profitability, technological innovation, price competitiveness, cost reduction, financial stability, raw material security, etc. of 37 steel companies worldwide.
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