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Overseas Factory Set-up and Technology Export! The Global Layout of Steel Giants Is Accelerating!

Recently, the General Administration of Customs released data showing that from January to April, China exported 28.014 million tons of steel, an increase of 55.0% year-on-year and imported 2.498 million tons of steel, a decrease of 40.1% year-on-year. From April alone, China exported 7.932 million tons of steel, an increase of 59.4% year-on-year. China's steel exports have reached a new high in the past two years, which reflects the improvement of steel quality and shows that China's steel industry is undergoing major structural changes. At the same time, with the advancement of the “Belt and Road” initiative and the deepening of regional cooperation, it will also bring new development opportunities to China's steel industry.


Sinosteel International has accelerated its layout in the global market, and the total number of contracts signed by countries along the route accounts for more than 80%.


Sinosteel International recently said at an analyst meeting that the company is currently grasping the favorable opportunity of China's steel industry capital to "go global" and vigorously expand overseas markets. It plans to increase the expansion of countries along the “Belt and Road”, seize the current opportunities for the reconstruction of the global industrial chain, and explore markets in Southeast Asia, North Africa, India, the Middle East and other global steel capacity expansion regions.


MCC Jingcheng's new technology conquers overseas markets, and the single furnace production of hot rolling heating furnaces has reached a new high.


Recently, MCC Jingcheng successfully won the bid and signed the 2250mm hot rolling production line heating furnace project of ArcelorMittal Nippon Steel India (AMNSI). This project is the first cooperation between MCC Jingcheng and ArcelorMittal Group in the field of large projects, which has a profound impact on the global development strategy of MCC Jingcheng, and demonstrates the strength and responsibility of MCC Jingcheng in participating in the construction of iron and steel metallurgy in the "Belt and Road" countries.


Baosteel invested 3 billion yuan to establish its first overseas steel mill in Saudi Arabia.


On May 3, Baosteel announced that it would jointly invest and establish a joint venture with Saudi Arabian National Oil Corporation (Saudi Aramco) and Saudi Public Investment Fund (PIF), of which Baosteel contributed about 3 billion yuan and held 50% of the equity of the joint venture. The joint construction of the factory is also in line with the internationalization strategic direction previously proposed by Baosteel.


China's Baowu may spend huge sums of money to build new overseas steel mills.


According to ACB News on May 12, China Baowu Group, the world's largest steel manufacturer, recently stated that it may invest heavily to build a new green steel plant in Western Australia. Chen Derong, secretary of the party committee and chairman of China Baowu, once pointed out that internationalization is related to the survival and development of Baowu, which is urgent. It is no longer a question of "whether or not", but a situation of "having to".


In addition to the above enterprises, in recent years, Jingye Group, HBIS Group and Delong Steel have successively laid out overseas steel production bases.


In the future, with the acceleration of globalization, Chinese steel companies are also focusing more on overseas expansion. It is foreseeable that in the future, the pace of overseas factory establishment and cooperation of Chinese steel companies will accelerate significantly. In this process, on the one hand, domestic steel companies should continue to increase their comprehensive strength to resist the impact of international steel giants; On the other hand, they must also "go out and bring in", increase the learning and reference of foreign advanced steel technologies and products, to continuously improve the overall development level of China's steel industry and help the green and high-quality development of the steel industry!