On April 23-25 2010 Shanghai SteelHome website (www.steelhome.cn/en) is organizing the 6th Steel Development Strategy Conference in Shanghai, which attracts attentions from different field.
Over 100 delegates from steel mills, 600 delegates from trading companies and end users, and other delegates from researching institutes have registered to participant in this big event.
Key attractions of the events:
Popular speakers and hot topics
Chinese government’s proactive financial policy bolstered the development of steel industry, and China steel industry was featured by “high inventory and high output” which never occur in the past. In line with the improving economy situation, more market participants are aware of the importance of national policies. When will the positive financial policy retreat from the market? will Chinese government tighten money supply? SteelHome invited Mr. Zhang Liqun, Researcher of Development & Research Center of China State Council and Mr. Li De, Vice Inspector of Research Bureau of People’s Bank of China to answer these questions.
International economy has stride out of the mud since Q3 2009 and got on the track of recovery, International Monetary Fund (IMF) forecasted global economy to increase 4.2 percent in 2010. However, huge financial deficit in US, sovereign debt crisis in Europe, volatile commodity price and increasing trade protectionism etc. is threatening the global economy recovery. Global economy trend and US dollar performance as well as commodity prices will carve great influence on Chinese steel market. Ms. Tan Yaling, Executive Director, The Institute of Chinese International Economic Relations and Mr. Bi Jiyao, Vice Minister of Department of Foreign Economic Relations, Development Research Centre of the State Council, are invited to analyze the global economy development.
After the consolidation of China steel industry, 11 steel mills’ capacity has overtopped 10 million tonnes. Facing up with the oversupply problem in steel industry, Chinese government has urged to knock out 100 million tonnes of backward capacity. Will this effort help to ease the supply surplus pressure in China? Mr. Li Xinchuang, President and Chief Engineer of China Metallurgical Industry Planning & Research Institute, will answer this question during the conference.
Iron ore price negotiation was a sensitive topic each year, and the 40-year traditional benchmark pricing system collapsed this year as top three iron ore miners are in favor of the quarterly or index-based pricing mode. In order to understand the impact from the rising raw material cost, SteelHome has invited Mr. Huang Jin’gan, Chairman of China Coking Industry Association, Cameron Hut, Iron Ore Index Director of Metal Bulletin, Hua Zugui, Executive Director of China Coal & Coke Holdings Limited, and Hu Mingyang, Secretary General of China Special Steel Enterprises Association, to discuss the raw material price trend in 2010.
Further more, steel industry has embraced great surge in the past one month, could the downstream industries bear the rising cost? Zhu Zhongyi, Vice President of China Real Estate Association, Shi Jianhua, Vice Secretary General of China Association of Automobile Manufacturers, Zhao Xinmin, Director of Statistics Department of China Machinery Industry Federation, Tan Naifen, Vice Director of the Information Department of China Association of the National Shipbuilding Industry (CANSI), Shi Yanqiu, Secretary General of China Container Industry Association, Hu Xiaohong, Researcher and Department Head of Information Consultation Department of China Household Electrical Appliances Association (CHEAA), and Chen Luru, Director of China Steel Construction Society Specialist Committee, will show their opinions on the rising steel prices and the influence on the downstream industries.
Steel Futures, which was firstly launched in China on March 27,2009, won attention from different fields. How will Chinese spot market be affected by the futures? Mei Yunbo, who is in charge of the gold and steel futures in Shanghai Steel Futures Exchange, will explain the operation of steel futures in the past one year. Delegates from steel futures companies will express their views on steel market from different perspectives.
The market outlook remains the key issue in this conference
After one month’s increase, steel price has marked the highest record since 2009. Booming demand, improved export and rising cost will push up the manufacturing cost, however, overcapacity, high inventory and insufficient money supply will affect steel prices negatively.
Chinese government issued new policies to adjust real estate industry, plus the “Goldman Sachs Events”, steel prices slipped a bit recently, while steel mills have been raising ex works prices constantly in order to offset the rising raw material cost. Mr. Wu Wenzhang, General Manger of SteelHome website, and other delegates from steel mills will talk about the future market trend during the conference.
(Compiled by www.steelhome.com.cn)
China steel information centre and industry database
