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Domestic and foreign steel enterprises are optimistic about China's automotive sheet Market

domestic and foreign steel enterprises are optimistic about China's automotive sheet Market

China Construction machinery information

Guide: with the rapid expansion of China's automotive market, domestic and foreign steel production enterprises are very optimistic about automotive steel, especially the sheet market. Last year, the cold-rolled sheet required by China's automobile production was about 2 million tons, and the output of domestic enterprises such as Baosteel was about 1.25 million tons, with a market share of less than 60%

with the rapid expansion of the development field of promoting social harmony in China's automobile market, domestic and foreign steel production enterprises are very optimistic about steel for automobile manufacturing, especially the plate market

last year, the cold-rolled sheet required by China's automobile production was about 2 million tons. The output of domestic enterprises such as Baosteel was about 1.25 million tons, accounting for less than 60% of the market share. The rest depended on imports, while most of the sheet required for high-end cars needed to be imported. Japan, the European Union and South Korea were the main sources of imports

Baosteel is currently the most important manufacturer of automotive sheet in China. Media reports in Japan and South Korea say that Baosteel and Nippon Steel Corporation of Japan have reached an agreement in principle on the cooperation in the construction of a cold-rolled sheet steel production plant. The investment amount of the two sides is 12 billion yen. Li Ning said that the plant is planned to be completed and put into operation in 2005, and the annual output of cold-rolled sheet steel will reach 1.8 million tons, of which the annual output of cold-rolled sheet steel for automobile manufacturing is 450000 tons. According to foreign reports, Arcelor in Europe, the world's largest steel company, is also interested in this project and hopes to participate in the cold-rolled steel sheet cooperation project between Baosteel and Nippon Steel in the form of equity participation. It is currently in the negotiation stage

Hangang also aims at the automobile steel plate market. Now it has signed a cooperation agreement with Austrian iron and steel complex and loy company. The annual capacity of cold-rolled steel plate is 1.3 million tons, of which 800000 tons can be used for automobile production. Angang New Rolling Co., Ltd. cooperates with Germany Thyssen Steel Group, with an annual production capacity of 320000 tons of automotive sheet. Now the trial products have been delivered and have been highly praised by users. Tianjin Xinbei Steel Co., Ltd. has put into production a 200000 ton automobile sheet plant. Shougang began to build a cold rolled sheet plant with an annual output of 200000 tons. WISCO will invest 21.5 billion yuan to build a broadband fine sheet production line for automobiles. After large-scale technological transformation, Benxi Iron and steel company has formed a production capacity of 4million tons of primary products of cold-rolled steel plates. The foreign steel industry commented that the thin steel plate for automobile manufacturing has become a new competitive hot spot for Chinese steel enterprises in the future

foreign steel enterprises have not relaxed their attention to China's automotive sheet market for a moment. In addition to expanding exports to China, technologically advanced enterprises in the United States, Russia, South Korea and India also hope to cooperate with Chinese enterprises in production in China. Hyundai Steel Pipe Company of South Korea decided to cooperate with Chinese enterprises to build a cold-rolled sheet production plant with an annual output of 800000 tons, which will be put into operation within five years; POSCO has cooperated with Qingdao to build a cold-rolled steel sheet plant, which started construction in May this year, with an annual capacity of 300000 tons. POSCO has focused on the export of automotive sheet to China, and plans to export 150000 tons this year, accounting for 20% of its total exports. According to foreign reports, Russian and Indian steel enterprises are still in the stage of finding partners in China. The new generation of TWB steel plates developed by European enterprises have been put into mass production and are expected to enter the Chinese market soon

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