Performance Prediction of the Ferrous Metal Smelting and Rolling Processing Industry in Supply-Side Structural Reform in China

Abstract

Supply-side structural reforms and environmental protection policies have a great impact on the ferrous metal smelting and rolling processing industry. This paper uses a grey model that introduces a fractional-order cumulative generating operator to study the development of ferrous metal smelting and rolling processing enterprises under the influence of supply-side structural reform in order to derive the future development trend of the industry. The forecast results show that from 2018 to 2022, the number of enterprises and substitute enterprises, inventory, finished products, and assets and liabilities decreases; the scale of income of metal smelting and rolling processing industry increases. The results can serve as a reference for policy makers and industry investors.