Insiders: China's steel industry will usher in the "big steel enterprise era"

Cai Yongzheng believes that China's steel industry will usher in the "big steel enterprise era." According to the goal set by the Ministry of Industry and Information Technology, by 2025, 60%-70% of China's steel industry will be concentrated in about 10 large groups. The number of enterprises in the scale of 5 million to 15 million tons will be significantly reduced. Instead, Including 3-4 million tons of steel groups 3-4; 40 million tons of steel groups 6-8, the emergence of billion-ton steel enterprises will be an inevitable event.

For the 2020 black industry chain how to do a good job of risk management, Cai Yongzheng said that the first is the risk of real estate investment falling due to the adjustment of real estate market policy. Steel mills and steel traders have high stocks, and they can carry out futures selling hedging on steel with appropriate basis; for rebar and hot-rolled futures contracts, they should sell hedging according to the basis of the basis.