Wisdom collides for development., Youfa Group appeared at The 19th China Steelindustry Chain Market Summit to talk about the future with steel elites.

Wisdom collides for development., Youfa Group appeared at The 19th China Steelindustry Chain Market Summit to talk about the future with steel elites.

Summary

With its ingenious product quality, leading technology level and excellent supply chain service, Youfa Group successfully won two awards as the leading steel enterprise in 2023 and the top ten high-quality brand enterprises of welded steel pipes at this summit, and its products and brands were highly praised and unanimously recognized by upstream and downstream enterprises in the industrial chain.

Wisdom collides for development., Youfa Group appeared at The 19th China Steelindustry Chain Market Summit to talk about the future with steel elites.

The 19th China Steelindustry Chain Market Summit and Lange Steel Network 2023 Annual Meeting

On 24-25th November, The 19th China Steelindustry Chain Market Summit and Lange Steel Network 2023 was held in Beijing. The theme of this summit is "New Prospect of Industry-Capacity Governance Mechanism and Structural Development". The conference brought together many economists, leaders of government agencies, leaders of the steel industry and elites of upstream and downstream enterprises in the steel industry. Everyone gathered together to explore the new development direction of the steel industry through the collision of wonderful views.

As a listed company in the steel pipe industry, Youfa Group attended this steel event. Xu Guangyou, deputy general manager of Youfa Group, said in his speech that the current steel industry has once again ushered in a "cold winter", and the market demand has shifted from the incremental market to the stock market, and even there has been a trend of reduction. In this case, the traditional extensive development model is no longer suitable for the current development needs. He believes that if enterprises want to gain survival opportunities in the new wave of industry transformation and reshuffle, they must be prepared to live a hard life and fight a protracted war, focus on strengthening on the basis of scale, deepen the basic business, consolidate the core competitiveness of products with technological innovation, accelerate the transformation to high-end, green, efficient and intelligent, and take the road of high-quality development.

        He also stressed that despite the current difficulties in the steel industry, the steel industry is still a sunrise industry. The more the industry is at a low ebb, the more we should firmly develop our confidence, overcome the immediate difficulties with high morale and meet a brighter future. He believes that as long as enterprises take the road of advanced technology and value jump, they will inevitably stand out from the fierce competition and usher in their own spring.


youfa

At the same time, as a well-known senior expert in the steel industry, Han Weidong, a senior consultant of Youfa Group, also made a keynote speech on "New Features and Market Trends of the Steel Industry" about hot topics such as the future trend of the steel market that the delegates were generally concerned about. 

He said that overcapacity in the steel industry does not mean overproduction, but it is manifested as product type, stage type and regional type, which needs us to distinguish carefully. Facing the iron and steel industry, the upstream and downstream enterprises and market order in the industrial chain are facing reconstruction. In this case, the market needs new traders, continue to deepen the supply chain services, accelerate the transformation through the combination of period and present, enhance the value of services, and regain the core competitiveness of the market. Regarding the market price trend this winter and next spring, he thinks that the overall situation is cautiously optimistic under the expectation that the macro-economy is improving and the market is strong, focusing on the impact of demand cashing intensity and iron ore price fluctuation on the cost platform.
In addition, Kong Degang, deputy director of the Market Management Center of Youfa Group, shared the theme of "Review and Prospect of Welded Pipe Industry" in the 2024 Summit Development Forum of Steel Pipe Industry Chain held in the same period. He said that the current welded pipe industry is facing market saturation, overcapacity and fierce competition. The upstream steel mills are strongly priced, lacking the awareness of industrial chain symbiosis, the downstream distributors are too scattered, the strength is weak, the sales radius of steel pipe products is getting smaller and smaller, and the industrial layout has changed. Lean management and slow progress in intelligence have many pain points.
In view of this phenomenon, he believes that industrial chain enterprises should adhere to coordinated cooperation and standardized development, and at the same time attach importance to brand value development, so as to enhance their core competitiveness by jumping brand value. At the same time, we should strengthen industrial chain cooperation and actively embrace the industrial Internet to explore new development opportunities. For the market trend in the first half of 2024, he said that the average price range of strip steel is 3600-4300 yuan/ton, and enterprises can adjust and optimize their inventory in advance according to the upstream price fluctuation range.
In addition, with its ingenious product quality, leading technology level and excellent supply chain service, Youfa Group successfully won two awards as the leading steel enterprise in 2023 and the top ten high-quality brand enterprises of welded steel pipes at this summit, and its products and brands were highly praised and unanimously recognized by upstream and downstream enterprises in the industrial chain.
Youfa Group won the title of steel leader in 2023
Youfa Group won the top 10 quality brands of welded steel pipes
If you accumulate strength, you will succeed; What you do with wisdom is invincible. Facing the "cold winter" of the industry, Youfa Group is quite forward, and is willing to carry out all-round cooperation with upstream and downstream enterprises in the industrial chain on the basis of value convergence and mutual benefit and win-win, and retrograde upward in the "cold current" of steel with the coordinated development mode of the industrial chain to meet the new spring of industrial development.