[Ferro-Alloys.com] 

  The economic benefits are outstanding. In 2020, China's iron and steel industry will achieve a total profit of 246.4 billion yuan, a year-on-year decrease of 7.5%. The key private iron and steel enterprises in metallurgy will achieve a sales revenue of 3354.1 billion yuan, a year-on-year increase of 13%, a profit and tax of 239.517 billion yuan, a year-on-year increase of 6.1%, a profit of 161 billion yuan, a year-on-year increase of 6.1%, accounting for 65.34% of the profits of China's iron and steel industry, and a profit of 246 yuan per ton of steel. Key private iron and steel enterprises pay taxes of more than 200 yuan per ton of steel, and the profit margin of sales revenue is 4.8%, 0.22% higher than that of last year.

  In 2020, China will import 1.17 billion tons of iron ore, which will reach a new high; the degree of iron ore's dependence on foreign countries will exceed 80%, and the imported iron ore will exceed 1 billion tons. The price of iron ore will continue to rise at a high level, and the power of discourse and pricing will be extremely asymmetric; it will seriously affect the safety of the supply chain of the iron and steel industry and restrict the sustainable development of the iron and steel industry.

  Ding Liguo, vice president of Commerce of all union metallurgical chamber of Commerce and chairman of Delong group, said frankly that at present, the prices of iron ore and coke are constantly rising, which is at a historical high, and the prices of coke and scrap are also rising, which brings greater pressure on the production cost of enterprises.

  In this regard, Zhao Xizi, honorary president of the all China Metallurgical Association, said that the iron and steel industry is still in the peak platform period during the "14th five year plan" period. Private iron and steel enterprises should take the initiative to improve their position and handle the three important tasks of supply chain balance, capacity balance and carbon emission balance to ensure the high-quality development of the iron and steel industry.

  As for carbon emission and reduction, Wang Lianzhong said that iron and steel enterprises are the industries with the largest carbon emission among the 31 categories of manufacturing industry, accounting for about 15% of China's total carbon emission. Low carbon emission reduction of iron and steel industry is of great significance to achieve the national carbon peak. This year, the Ministry of industry and information technology and other relevant departments will study and formulate industrial low-carbon actions and green manufacturing projects, and formulate action plans and roadmap for carbon peak in key industries such as steel and cement.

• [Editor:Catherine Ren]