2025-2031年取向硅钢行业市场调研及发展趋势预测报告

Core Viewpoint - The oriented silicon steel industry in China is experiencing a shift towards high-end products, driven by technological advancements and the "dual carbon" strategy, with a significant increase in demand for high-grade oriented silicon steel [1][2]. Group 1: Industry Overview - China's steel industry has entered a phase of intense competition, with crude steel production reaching 1.005 billion tons and steel output at 1.4 billion tons in 2023, reflecting a year-on-year growth of 1.1% [1]. - The demand for high-end steel products, particularly oriented silicon steel, is expected to grow significantly, as traditional construction steel demand declines [1][2]. Group 2: Supply Situation - Oriented silicon steel is a critical soft magnetic alloy used in various applications, including transformers, electric motors, and renewable energy vehicles, with a production of 2.6502 million tons in 2023, accounting for 17.35% of total silicon steel output [2]. - High magnetic induction oriented silicon steel (HiB) represents 59% of the total production, while conventional oriented silicon steel (CGO) accounts for 41% [2]. Group 3: Price Trends - The price of oriented silicon steel has been on an upward trend from 2020 to 2022, but is expected to decline in 2023 and 2024 due to changes in the global economic environment and market demand [5][6]. Group 4: Downstream Applications - Oriented silicon steel is essential for transformers, reactors, and other electrical devices, playing a key role in energy efficiency and carbon reduction efforts [9]. - The Chinese government plans to upgrade 294,800 distribution transformers during the 14th Five-Year Plan, with significant investments in smart grid infrastructure, which will increase the demand for oriented silicon steel [10]. - The renewable energy sector is projected to require substantial transformer support, with investments exceeding 120 billion yuan by 2025, further driving the demand for oriented silicon steel [11]. Group 5: Future Outlook - The industry is expected to see the addition of six new oriented silicon steel production lines by 2025, increasing capacity by 700,000 tons, primarily in North and Central China [4]. - The overall market for oriented silicon steel is anticipated to grow significantly, supported by national strategies and policies aimed at promoting high-quality production [9].