www.ferroalloynet.com: Mr. – Shi Wanli, Secretary General from China Ferroalloy Industry Association, gave us a wonderful sharing of Summit-Outlook for China’s Ferroalloy Industry in 2024 from two aspects: the operating characteristics of alloys in 2023 and the outlook for alloys in 2024.
He said that in 2023, the prices in the ferroalloy industry continued to decline, the overall profit level of the industry decreased significantly, industry concentration further increased, policy differentiation between regions gradually increased, industries profits were not at the same level. The import and export situation has reversed, resource security has been relatively stable, and some alloy reserves were operating normally. Come to 2024, the alloy industry will become the main channel for green electricity consumption, and the industry will face new tests. Green and low-carbon will become the top priority for the development of the alloy industry. The industry layout will further undergo major changes, and large enterprise groups will lead the industry in the future. Development, new technology development and application will make breakthrough progress. At the same time, the pace of eliminating backward production capacity is bound to increase, and a new round of overcapacity will lead to further intensification of vicious competition in the market.