On Dec 6-7th ,2013, the summit for 2014 ferro-alloys outlook held by www.ferro-alloys.com opened in Beijing. Mr.Yang Jianlong, Director of Development Research Center of the State Council addressed an exciting speech. He stressed a slower economic growth in 2014 after 20-years rapid growth, roughly 7.8%.
Since 1999, urbanization pulled up steel and non-ferrous metal industries considerably. House and car became two major engines, which are seen another 20 years growth period.
Manufacturing also contributed much to investment growth, so steel and ferroalloys almost bottomed in late year, and are promised to recover in June next year. No doubt it is good news for ferroalloys industry. In the coming years, the cost of energy and labor resources and RMB appreciation brought about enormous pressure, so enterprises must strengthen technical transition and upgrading, optimize structure, eliminate backward capacity and realize merging and restructuring.