Beijing Shougang Co.Ltd(000959) expert Hu Zhiyuan said at the 2022 (first) high-end magnetic new material development forum on the 7th that it is expected that non oriented high-grade electrical steel will face a compound growth rate of 30% per year by 2025. Especially in the context of carbon neutralization, the development and efficient utilization of electricity will promote the demand for high-end electrical steel in all links of power generation, transmission, transformation, distribution and power consumption, and realize sustainable and high-speed development.
Hu Zhiyuan said that it is optimistic that the global sales of new energy vehicles will reach more than 22 million by 2025, and the demand growth of non oriented electrical steel for new energy vehicles in the whole world may be nearly 10 times that in 2020. Because of the extreme pursuit of efficiency and the high requirements for safety and driving experience of new energy vehicles, the performance requirements of electrical steel will also be very harsh. At present, only a few enterprises in the world can supply non oriented electrical steel for new energy vehicles. This product will face a tight supply situation in the next five to ten years.
Hu Zhiyuan said that Beijing Shougang Co.Ltd(000959) will further increase production capacity, and 350000 tons of the world's first non oriented electrical steel production line for new energy vehicles will be invested in June this year, which will further alleviate the tight supply of electrical steel for new energy vehicles. In March next year, a high magnetic induction oriented electrical steel production line will be put into operation, so as to alleviate the tight supply of high-end thin specification orientation in the power distribution field. During the 14th Five Year Plan period, Shougang will continue to increase the output of high-end electrical steel, the total output will reach 2 million tons to 2.5 million tons, and the proportion of oriented and high-grade non oriented electrical steel will reach more than 70%.
2022 (the first) high-end magnetic new material development forum was hosted by Beijing Centergate Technologies (Holding) Co.Ltd(000931) stainless and special alloy new material industry technology innovation alliance and undertaken by Beijing Shougang Co.Ltd(000959) and metallurgical industry planning and Research Institute.
