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[ferro-alloys.com]

  During the two sessions, the "carbon peak and carbon neutral" was written into the government work report for the first time. It emphasized to do a solid job in the "carbon peak and carbon neutral" work, optimize the industrial structure and energy structure, and triggered hot discussions among representatives and members. As a big carbon emitter, the steel industry is also facing huge adjustment. Is the secondary supply reform of the industry worth looking forward to? Recently, tonghuashun expert group interviewed Ms. Wang Juan, chief financial officer and Secretary of the board of directors of Baosteel Co., Ltd. to discuss the challenges and opportunities faced by leading steel enterprises.

  Core point:

  1. The global economic recovery in 2021 is the main line, and the company's current order receiving situation is good. In the follow-up, it is necessary to focus on the changes in the supply and demand fundamentals of the iron and steel industry. Opportunities and challenges coexist, and the company will actively respond.

 2. Baosteel's core competitiveness can be summarized as "1 + 5", that is, "one company with multiple manufacturing bases management mode + 5 capabilities (cost reduction, technology leadership, service first, intelligent manufacturing, urban steel plant)".

  3. With the rapid development of new energy vehicles, there is a huge demand for high-end plates. Baosteel Co., Ltd. has arranged the field of new energy vehicles in advance, and achieved the docking with more than 100 new vehicle manufacturing forces in China. Relevant high-end plates have been actively expanded to keep up with the national new energy vehicle strategy.

  4. Carbon neutral is expected to reshape the pattern of iron and steel industry in the future. China Baowu and Baosteel Co., Ltd. have actively responded, and have carried out research and development and reserve of relevant technologies in advance to plan for the future.

  5. In the long run, it is inevitable for the iron and steel industry to improve its concentration, and the cyclical fluctuation will be eased; the company will continue to optimize its product structure, improve the profitability of short board base, incubate more high-quality assets, and enhance its ability to resist the cyclical fluctuation.

• [Editor:Catherine Ren]