The domestic wire rod market in 2025 is expected to show a trend of "stable total growth and structural optimization". The total output is projected to reach hundreds of millions of tons, with the demand for high-strength and corrosion-resistant special wire rods growing at a rate of over 12%. The construction sector remains the core demand end, accounting for approximately 40%. The penetration rate of prefabricated buildings is expected to increase to 30%, driving the proportion of HRB600E high-strength wire rods to rise from 15% to 30%. The new energy industry has become a new growth point, with the annual average growth rates of spring steel for new energy vehicles and corrosion-resistant wire rods for offshore wind power reaching 12% and 18% respectively. Enterprises such as MaSteel and Xingcheng Special Steel have already laid out dedicated production lines. Please provide the text you would like translated.
Policy-driven: Green and Regulatory Dual Wheels Moving Forward
The continuous intensification of environmental protection policies is forcing the industry to transform. Under the "dual carbon" goals, the carbon emission intensity per ton of steel needs to be reduced by 15%, and the proportion of electric arc furnace short-process steelmaking will increase from 12% to 20%. In the Beijing-Tianjin-Hebei region, a 1.25:1 capacity reduction and replacement policy is implemented, and Hebei has eliminated the production capacity of small-scale enterprises with an annual output of less than 300,000 tons, totaling about 8 million tons. The new national standard GB/T 14981-2022 has been fully implemented, promoting the classification management of product quality, and the pressure for technological upgrading among small and medium-sized enterprises has become more prominent. Carbon trading has increased the cost of steel production by 50 to 80 yuan per ton, accelerating the demonstration and application of low-carbon technologies such as hydrogen metallurgy. Please provide the text you would like translated.
Technology Upgrade: Intelligent Manufacturing Redefines Production Models
The digital transformation of industries is accelerating. By 2025, the coverage rate of digital workshops is expected to exceed 40%, and the penetration rate of AI quality inspection systems will surpass 60%. Twelve enterprises in Tangshan have completed the transformation of high-speed rolling mills, increasing the average daily number of specification changes per line from 1.2 to 4, significantly enhancing flexible production capabilities. Ansteel has applied low-temperature rolling technology, reducing alloy addition by 20% while increasing the strength grade. The intelligent combustion system of the heating furnace has decreased rolling energy consumption by 15% and increased the yield rate by 1.2 percentage points. Please provide the text you would like translated.
Price Fluctuations: Cost Transmission and Demand Linkage
The price of wire rods is significantly affected by fluctuations in raw materials, with changes in the prices of iron ore and coke directly transmitted to production costs. The market price in 2025 is expected to fluctuate within a range and tend to stabilize in the long term as the capacity utilization rate increases from 76% to 82%, with an average annual fluctuation range controlled within 5%. The impact of price fluctuations on downstream sectors is differentiated: the construction industry faces cost pressure, and some projects are postponed; traders, on the other hand, manage risks through futures tools and inventory management. Please provide the text you would like translated.