Steel is the mainstay of the national economy and the lifeblood of industrial production, and an important symbol for measuring the national economic level and comprehensive national strength. my country's steel output has ranked first in the world for more than ten consecutive years, and the steel industry has made great progress in technological innovation and refined management. However, the development of the industry is by no means smooth. Long-term "barbaric growth" has resulted in excess supply, unreasonable product structure, frequent price fluctuations of raw materials and products, and prominent "scissors difference" effect, which affects the stable development of enterprises. After experiencing the ups and downs since 2010, the steel industry chain enterprises in the marketization wave gradually understand that to improve operations, stabilize operations, and boost development, it is necessary to manage market risks and rely on the help of financial derivatives.
Over the years, my country's black-based futures market has developed rapidly, covering coking coal, coke, iron ore, ferrosilicon at the raw material end and rebar and hot rolled coil at the product end, serving the whole chain of risk management and pricing from production to sales. trading. Industry chain enterprises represented by HBIS Group and Xuyang Group, from the initial exploration of futures to the present, regard futures tools as a powerful tool for enterprise management, and innovatively carry out the integration of industry and finance, which has achieved from improving risk management capabilities to improving the comprehensive competitiveness of enterprises. leap.