Steel is the cornerstone of the development of equipment manufacturing industry. High-end technology is the driving force.

Abstract Steel is the cornerstone of the development of equipment manufacturing industry, and the development of high-end equipment manufacturing industry is the biggest driving force for the development of special steel. The key directions of special steel specified in the “Twelfth Five-Year Plan (Draft) of the Iron and Steel Industry are: high-speed railway, urban rail transit, ocean...

Steel is the cornerstone of the development of the equipment manufacturing industry, and the development of high-end equipment manufacturing industry is the biggest driving force for the development of special steel. The key directions of special steel specified in the “Twelfth Five-Year Plan (Draft) of the Iron and Steel Industry are: high-speed railway, urban rail transit, offshore engineering and offshore oil exploitation, large and special performance ships and ships, energy-saving and environmentally-friendly vehicles, and UHV power grids. In the high-end equipment manufacturing field, it is expected that the investment scale of the 12th Five-Year Plan for high-end equipment manufacturing in large aircraft, high-speed rail, offshore engineering and energy will reach 10 trillion yuan, and the corresponding special steel industry will have rapid development opportunities.

Special steel can be divided into three levels: high, medium and low: one is low-end special steel mainly composed of high-quality carbon structural steel; the other is medium-end special steel represented by alloy steel; the third is stainless steel, tool steel High-end special steel represented by mold steel and high-speed steel. The data shows that in 2009 China's special steel output was about 35 million tons, accounting for only about 5% of steel production, and the proportion of special steel was much lower than that of developed countries. At present, the development of special steel in China is mainly low-end products, and high-end special steel accounts for less than 7%, far lower than Japan's 30%. The market prospect of high-end special steel in the future is broad.

The concentration of special steel industry is relatively high. In 2009, China's special steel industry CR10 (the top 10 enterprises in the industry) reached 54%. From the perspective of sub-sectors, in 2010, special alloys, tool steel, bearing steel, spring steel, gear steel, alloy structural steel, carbon steel CR10 have exceeded 80%, forming four special steel groups: Northeast Steel Group, Baosteel Group, CITIC Pacific Special Steel and Xining Special Steel, as well as three major leading enterprises: Taigang Stainless, Tianjin Steel, Wuyang Steel. Each special steel group has a comparative advantage in different fields

High-end equipment will become the driving force for the development of the '12th Five-Year Special Steel. Enterprises with special technical reserves and orders in special fields will benefit the most. Currently, the relevant markets are mainly concentrated in the four special steel groups. Analysts suggest focusing on Fushun Special Steel and Taigang Stainless

The former relies on the major shareholder Northeast Special Steel Group. It is the most important production and research base for China's national defense industry supporting materials. It provides a large number of key new steel materials for China's national defense engineering. It is used in mold steel, automobile gear steel and high temperature alloy bearing steel. Market share is 40%, 35%, 40%. The latter is a domestic stainless steel faucet, has the most complete stainless steel industrial chain, has become the most complete steel supplier of nuclear power, and has obtained technological breakthroughs in the field of special silicon steel, and has great potential for future development.

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