2019, Volume 21, Issue 1
Strategic Study of CAE >> 2019, Volume 21, Issue 1 doi: 10.15302/J-SSCAE-2019.01.014
Research on Development Situation of Ferrous Metal Resources in China
Task Group for the Strategic Research on Great Power of Ferrous Metal Mineral Resources
Next Previous
Abstract
As a forerunner of the supply-side structure reform, China’s iron and steel industry actively resolves its overcapacity. More than 1.2×108 t of excessive steel production capacity has been resolved between 2016 and 2017, and 1.4×108 t of illegal production capacity, such as “substandard steel” has been eliminated. As the global iron and steel industry is currently in the excess production capacity cycle, China's steel consumption has developed from a sustained growth phase to a peak value platform area. Meanwhile, both the crude steel consumption intensity per unit GDP and that per unit investment has decreased. It is expected that the consumption demand and output of crude steel in China will reach 6×108-6.5×108 t and 6.5×108-7.0×108 t by 2025, respectively; and these same items will reach 5.3×108-6.0×108 t and 5.9×108-6.5×108 t by 2030, respectively. Meanwhile, the supply of steel scrap resources in China will increase rapidly, and the sufficient steel scrap resources will become a strong support for China’s iron and steel industry. The structure of iron resources will also be greatly changed, and the demand for international iron ore resources will decrease gradually. All the changes are important in promoting ecological civilization construction and green development.
Keywords
iron and steel ; steel scrap ; iron ore ; peak value platform area
Figures
Fig. 1
Fig. 2
Fig. 3
Fig. 4
References
[ 1 ] Ministry of Natural Resources of the PRC. National mineral resources reserve bulletin (2017) [R]. Beijing: Ministry of Natural Resources of the PRC, 2018. Chinese.
[ 2 ] Ministry of Natural Resources of the PRC. National statistical annual report on development and utilization of non-oil and gas mineral resources (2017) [R]. Beijing: Ministry of Natural Resources of the PRC, 2017 Chinese.
[ 3 ] China Iron and Steel Industry Association. Development report of China iron and steel industry (2018) [R]. Beijing: China Iron and Steel Industry Association, 2018. Chinese.
[ 4 ] China Iron and Steel Industry Association. Strategies and paths for transformation and upgrading of China iron and steel industry [R]. Beijing: China Iron and Steel Industry Association, 2018. Chinese.
京公网安备 11010502051620号
