On April 22, the above information was obtained on the 20th anniversary of the online sale of bulk materials in China and the customer conference held by Steel House on the 20th.
Cai Jin, deputy chairman of the China Federation of Logistics and Purchasing, said that steel and electricity suppliers help curb excess production capacity. At present, steel products on the market e-commerce platform are mostly small-batch demand, with a maximum of 30-50 tons. E-commerce can aggregate fragmentation requirements and directly interface with end customers, theoretically achieving a balance between supply and demand.
“Excessive steel production capacity is an indisputable fact,†said Yang Siming, chairman of Nanjing Iron & Steel Group Co., Ltd. and chairman and chief executive officer of Nanjing Iron & Steel United Co., Ltd.
Cai Jin believes that there are currently three pains in the steel industry. First, the mode of production must be changed. Second, the steel pipeline must be refined to solve the problem of high logistics costs and low efficiency. Finally, an honest credit system must be established to solve the debt chain problem. "The e-commerce platform is an inevitable requirement for innovation in the steel industry."
“The iron and steel e-commerce 10 years ago was an information service platform; in the past three years, the information service function upgraded the transaction service function, and the e-commerce platform was upgraded to a trading platform; in recent years, it was upgraded to a logistics platform.â€
At present, the listed companies in the domestic A-shares market involving steel and iron e-commerce mainly include Hebei Iron and Steel (000709.SZ), Baosteel (600019.SH), Minmetals Development (600058.SH), and Zhongdong Extension (000906.SZ), Shanghai. Steel Union (300226.SZ), Wuhu Port (600575.SH) and so on.
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