The steel industry is in a period of strategic transformation

     A spokesperson for the China Steel Association stated that currently, the global economic recovery is slow, the economic trend is weak, the domestic economy continues to slow down, and structural adjustments are gradually deepening, which will have a profound impact on the steel industry. On the one hand, the impact of the slowdown in economic growth and structural optimization on the intensity of steel demand and the weakening of the driving force on steel consumption cannot be underestimated.

On the other hand, China remains the world's largest steel consumption market, and with the effective implementation of the 13th Five Year Plan and Made in China 2025, the transformation and upgrading of traditional manufacturing industries not only bring opportunities to improve the quality and grade of steel products, but also create vast new markets and demands. The steel industry is still in an important period of strategic opportunities, but its connotation has undergone profound changes. It is transforming from an opportunity to accelerate development speed in the past to an opportunity to accelerate the transformation of development mode, and from an opportunity for scale expansion to an opportunity to improve development quality and efficiency.

American standard H-shaped steel

A spokesperson for the China Steel Association stated that the steel industry should adhere to the development concept of "innovation, reduction, coordination, green, and intelligence", accelerate the transformation of development methods, and promote the improvement of development quality and efficiency through the transformation of development methods.

Play a good role in resolving production capacity challenges

We have listed the prudent resolution of overcapacity as one of the five major tasks of structural reform. The basic idea of "studying and formulating a supporting policy system based on the methods of enterprise entities, government promotion, market guidance, and legal disposal, adapting to local conditions, classifying and orderly disposal, and properly handling the relationship between maintaining social stability and promoting structural reform" has been clarified. The steel industry should effectively integrate ideas and actions into the major strategic deployment of the State Council.

Resolving overcapacity is the primary task and battle for the steel industry to overcome difficulties, adjust, transform and upgrade. Doing a good job in related work is of great significance for the healthy development of the steel industry. Currently, policies and measures are being formulated to address overcapacity in the steel industry, and the China Iron and Steel Association will cooperate with the government and enterprises to do a good job in related work. As the main body of this work, enterprises should firmly follow the unified deployment and work solidly to ensure the implementation of policies to resolve overcapacity.