Global overcapacity challenges remain in the hotte

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The challenge of global overcapacity in steel and other industries remains

the recent report issued by the International Economic Cooperation Organization warns that overcapacity outside China is affecting the recovery of the global steel industry. International observers believe that overcapacity in steel and other industries is a global problem. In the past two years, China has reduced production capacity and helped the global steel and other industries recover from the downturn caused by overcapacity. In the future, countries should continue to strengthen communication and cooperation and collectively deal with the challenge of overcapacity

according to the report released by the steel Committee under the OECD, the global steel-making capacity in the first half of 2017 was 2.36 billion tons, a slight decrease of 0.6% from 2.37 billion tons in the same period in 2016. Among them, the steel production capacity in the Middle East, South America and other European countries except the European Union increased significantly. "Excess capacity is at a worrying high level," said lifentop, chairman of the steel Committee

the report predicts that from 2017 to 2019, the global steel production capacity will increase by nearly 40million tons, including about 23million tons in the Middle East

Alistair Ramsey, director of American metal market research company, said that increasing steel production capacity in any region and domestic mature utilization for more than 10 years could pose a significant risk to the insulation layer for future steel pricing and profits

according to the OECD report, global steel demand will pick up in the future, but it is not enough to absorb the current excess capacity. Do you know the working principle and classification of British fatigue testing machine? Chris Holden, an analyst at the Commodity Research Institute, also predicted that global demand growth was insufficient to provide a reasonable basis for new capacity

Li Bo, a visiting researcher at the international Chinese Studies Center of Aichi University in Japan, said in an interview that the problem of global overcapacity is still very serious, mainly concentrated in traditional industries such as steel, non-ferrous metals, rubber and other raw material processing, and the overcapacity in emerging markets and developing countries is relatively concentrated

overcapacity is a cyclical phenomenon and a structural problem under the conditions of market economy. Since the outbreak of the international financial crisis, the global economic downturn has led to shrinking demand, which is the fundamental reason for the current global overcapacity in steel and other industries

overseas experts believe that after the international financial crisis, many countries have taken large-scale economic stimulus measures to give priority to the development of steel, petrochemical and other industries, but the investment in science and technology is limited, resulting in overcapacity at the middle and low end, insufficient high-end capacity, and structural overcapacity

some Western politicians and enterprises are keen to blame the overcapacity on the working principle of the impact testing machine in China, which is neither objective nor fair. In fact, in recent years, China has actively taken the supply side structural reform as the main line, digesting and eliminating excess capacity such as steel and coal, and has made contributions to the international community

China's efforts to reduce production capacity are unique in the world. According to official data, China withdrew more than 65million tons of steel production capacity last year, and reduced another 50million tons this year. The China Iron and Steel Industry Association said that China has basically achieved the goal set last year to reduce excess capacity by 100million to 150million tons within five years

Edwin bassoon, director general of the world iron and Steel Association, said that China had played a prominent role in reducing excess capacity in the world. In the past two years, China has cut production capacity equivalent to the total capacity of the United States

Ramsey said in an interview that China has contributed to the continuous decline of global steel overcapacity since the end of 2015

overcapacity in steel and other industries is a global problem. On the road of global capacity reduction, all parties need to respond collectively, share responsibilities and act together, rather than blame each other or even build a high wall of trade protectionism

in the face of global overcapacity, overseas experts called on countries to strengthen communication and cooperation and take effective measures to enhance the market mediation function. Guo Shengxiang, President of the Australian Institute of innovative finance, said that there is an organization of Petroleum Exporting Countries in the oil field, and there should also be a corresponding coordination mechanism in the field of overcapacity

in view of the current structural overcapacity, Li Bo suggested that we should seek to establish an international linkage mechanism on a global scale, find out the advantages of various countries, carry out division of production, and reduce repeated production. At present, the international market still has a large demand for products with advanced production capacity. Strengthening international cooperation in advanced production capacity is an effective way to solve the current overcapacity

in recent years, while reducing production capacity and optimizing industrial structure, China has actively carried out international production capacity cooperation. At present, China has established production capacity and investment cooperation mechanisms with 36 countries, third-party market cooperation mechanisms with Australia and other countries, and multilateral production capacity cooperation with ASEAN and other regional organizations

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