The long-term fluctuation and rise of China's automobile steel

According to the data of the world bank, there is a positive correlation between the car ownership per thousand people and GDP per capita. China's economy will continue to grow at a medium speed in a long period of time. Car ownership is still far from the ceiling, and sales volume has not yet peaked. Automobile production and sales may still fluctuate in the short term, but in the long term, the annual production and sales of automobiles will also usher in an upward cycle. According to the comprehensive forecast of China's land situation and future GDP per capita, relevant agencies have predicted that the ownership of one thousand people will eventually reach about 350 vehicles, corresponding to the annual sales volume of 36 million vehicles, while the current annual sales volume is about 25 million vehicles, and the automobile market has a large potential to rise, which is one of the reasons why the currently selected vehicles are regarded as the driving force of stable consumption.

Corresponding to production and sales, automobile steel has long-term growth space. Automobile manufacturing industry may become one of the few industries in the main downstream areas of steel that can achieve longer-term growth. The varieties of steel used in automobile manufacturing mainly include section steel, medium steel plate, thin steel sheet, steel strip, high-quality steel, steel pipe, etc., among which the thin steel sheet and high-quality steel are the main ones. The development of automobile industry will support the long-term demand of the required steel varieties.