Current location - Trademark Inquiry Complete Network - Futures platform - China steel production and consumption data over the years.
China steel production and consumption data over the years.
China is the world's largest producer and consumer of steel, with low industrial concentration, high degree of marketization and frequent fluctuations in steel prices, which has a good market base for listed steel futures. Under the background that the international steel pricing center has not yet formed, people in the industry believe that if China launches steel futures as soon as possible, it is expected to take the lead in the battle for pricing power. Steel is the only bulk basic commodity that has not yet formed an international pricing center. India Multi-Commodity Exchange (MCX) launched steel futures and steel bar futures in 2004. However, due to the relatively small consumption of steel in India, enterprises have a weak desire to hedge and are not active in trading, failing to grasp the global pricing power.

Japan's Central Commodity Exchange only aimed at the pricing power of scrap steel, and launched the scrap steel futures contract in 2005. Therefore, the international pricing center of steel has not yet formed. Starting from 200 1, Shanghai Futures Exchange began to conduct market research on rebar and wire rod. The person in charge has said many times recently that he has prepared for the listing of steel futures and completed the design of futures contracts and the formulation of trading rules. A few days ago, China Iron and Steel Industry Association and Beijing, where the previous issue was held, jointly held a symposium on steel futures listing. Leaders of Baosteel, Angang, Shougang and Maanshan Iron and Steel Co., Ltd. 1 1 steel enterprises attended the forum. According to the minutes of the meeting issued by the Steel Association to steel-related enterprises after the meeting, the basis and conditions for the listing of ordinary wire rod and rebar futures in China have been met, and the listing of steel futures is in line with the development of China's market economy and derivatives market.

The minutes of the meeting pointed out that the China futures market has entered a stage of standardized development. With the introduction of steel futures, steel production, circulation and consumption enterprises can use the futures market to discover the price and hedging mechanism, form an open and fair pricing mechanism, avoid risks and promote the healthy development of the steel market.