Baosteel: Jul, Aug are most difficult periods for operation
Time:Tue, 26 Jul 2022 09:45:06 +0800
keywords :
On July 20, Baosteel executives expressed their predictions on the market situation of China's steel industry and their coping strategies in an exclusive interview with the media.
Baosteel executives said that July and August would be the most difficult two months for an operation. Subsequently, the market conditions are expected to rebound, but it is difficult to return to the highs at the beginning of the year for steel prices and market demand. In response to the current environment, Baosteel executives proposed to continue to control production and operation from the market side, operation side, and production side.
Among them, the four key points on the market side are:
The first is to adhere to the product differentiation strategy. In the first half of 2022, Baosteel's differentiated product sales accounted for 53.3%, contributing 76% of its profits. The second is to adhere to a high-quality strategy. The third is to seize new market demands, such as emerging market demands in the fields of solar energy, wind power, and pumped storage power plants. The fourth is to reduce logistics and transportation costs by increasing the near areas and local sales.
