Warm Congratulations On The Successful Conclusion Of The 2021 Fifth South China Scrap Industry Summit Forum
Warm congratulations on the successful conclusion of the 2021 Fifth South China Scrap Industry Summit Forum
On the afternoon of October 15, 2021, the 2021 Fifth South China Scrap Industry Summit Forum was grandly held at the R&F Mandarin Hotel in Dongguan, China, bringing together more than 800 industry guests from across the country to discuss industry development and the future of the industry.
The frequent policy issuance this year is the main driving force behind the fluctuations in the scrap steel and steel market in 2021. In the first half of the year, with the global release of water and the vigorous steel production, scrap steel continued to rise. In the second half of the year, the continuous advancement of crude steel production reduction and energy consumption dual control in various places, as well as the power shortage in various places, the impact of power outages and power rationing greatly suppressed the demand for scrap steel, and the consumption of scrap steel in steel mills across the country and even in South China was greatly reduced. Crude steel production reduction will not be relaxed, energy consumption dual control will face a big test at the end of the fourth quarter, and power shortages are difficult to ease, making it highly likely that scrap steel will remain the same in the fourth quarter.
