Analysis of the Impact of Sino-US Trade War on Hebei Steel Industry

Jiayue Wang, Feng Feng*

Department of Economic Management, Tianjin Agricultural University, Tianjin, 300384, China  

Abstract: This paper mainly uses the literature method, combs the literature, combines the data empirical analysis, finds the background of Sino-US trade war, studies and discusses the impact of Sino-US trade war on Hebei steel industry, mainly reflected in steel exports, steel prices, stock prices of related enterprises and so on. Because of the trade structure, the Sino-US trade war has a certain negative impact on steel exports, but the extent is not large; the explanation for the fluctuation of steel prices is not very strong; but in the long run, the Sino-US trade war has led to the negative impact on the development prospects of the steel industry, which is reflected in the echo decline of the stock prices of listed companies. On this basis, we believe that we should take the measures of combining government guidance with enterprise practice to develop Hebei steel industry in an all-round way.

Keywords: Trade war; Hebei province; Steel industry; Restructuring