Steel trade refers to the circulation industry engaged in the sales, processing and distribution of steel materials such as profiles, plates, pipes and metal products. Steel trade can be mainly divided into two forms: steel wholesale trade and steel retail trade.Steel trade is in the middle of the steel industry chain. As a bridge between steel manufacturers and steel end users, it not only connects steel terminals, but also derives industries such as logistics and processing and supporting industries, playing a huge lubricating role in the entire steel flow link.

Our country is the world's largest steel producer. The large amount of steel output has promoted the development of the steel trade market, and more and more people are engaged in steel trade. At present, my country's steel trade industry has not yet formed a stable competition pattern. There are a large number of industry enterprises, low market concentration, and fierce market competition.

According to the "2024-2029 Steel Trade Industry Market In-depth Research and Investment Prospect Forecast Analysis Report" released by the Nowsijie Industry Research Center, due to the huge size of the machinery industry and the booming construction industry and automobile machinery industry, the global and Chinese steel demand is on the rise, and steel trade is booming. Among them, in 2023, the global steel trade market size is 10.89 trillion yuan.

It is expected that in the future, encouraged by national policies, industries such as machinery and automobiles will continue to develop, and their demand for steel will continue to grow. At the same time, steel traders are increasingly focusing on improving their competitiveness through the use of Internet technology, such as expanding marketing channels through e-commerce platforms. Under this trend, the scale of trade in China's steel market will show an expansion trend.

In 2023, the Ministry of Industry and Information Technology and seven other departments issued the "Work Plan for Steady Growth in the Steel Industry", proposing to optimize and adjust the export policy of steel products, actively support enterprises to integrate into the international supply chain system, and improve the international competitiveness of domestic steel products. At the same time, actively implement policies and measures to promote consumption such as expanding automobile and green smart home appliance consumption, green building materials, and new energy vehicles going to the countryside, tap into consumption potential in wind power, photovoltaic power generation and other fields, and expand steel consumption demand. Overall, the government is currently focusing on controlling the dynamic balance of steel supply and demand, encouraging the exploration of steel application areas, expanding the consumer market, and supporting the international development of steel. The steel trade industry has low volatility.

Industry analysts said that China's steel trade has a clear "globalization" trend, the competitiveness of steel products in the international market has been strengthened, the scale of steel exports has expanded, and its influence in the international steel market has continued to increase. It is an important global steel export and trade market. Under this trend, the scale of China's steel trade market may continue to grow.

       All above is from:nowsijie.com