Recently, the vice president of the China Iron and Steel Industry Association delivered a speech at the second steel industry “New Knowledge, New Technology, New Concepts” Summit Forum, pointing out that my country’s steel industry has entered a period of deep reform and adjustment, which is the road to “big and big change”. An important strategic adjustment to the goal of “Strong”. As economic growth slows down and demand weakens, the supply of steel exceeds demand has become increasingly obvious, and production has shown a downward trend. However, industry benefits are improving, and there are signs of balanced development of the steel industry chain. Steel companies are accelerating the implementation of structural adjustment, transformation and upgrading, laying the foundation for the healthy development of my country’s steel industry in the future.
In his speech, the vice president said that my country’s economy has entered a deep adjustment. Steel and coal must adapt to new situations and changes, achieve a new balance in a new environment and on a new platform, and achieve a new balance at an appropriate speed and in an appropriate way. Higher efficiency, better quality, and continue to maintain healthy and stable development. He emphasized that in the face of the same external environment, no party in the steel industry chain can “live alone” for a long time, and cooperation in the industry chain is an inevitable trend. Therefore, all stakeholders in the steel industry should put aside short-term interests, start from the perspective of industrial chain construction, and form a long-term and stable cooperative relationship with upstream and downstream enterprises that truly shares benefits and risks.
This series of issues require the support of new strategic knowledge, new technologies, and new concepts, and require long-term and extensive discussions and demonstrations by experts, scholars, and business elites from various fields. The vice president emphasized that my country’s steel industry is transforming from scale efficiency to quality efficiency, accelerating the balance between supply and demand in the steel industry, and promoting transformation and upgrading. This is an important industrial revolution that requires the joint efforts and support of the entire industry.
Under the current situation, the China Iron and Steel Industry Association calls on the entire industry to work together to actively adapt to the new environment and changes, promote the steel industry to move towards a new industrial revolution, achieve higher quality and more efficient development, and contribute to the health of my country’s steel industry. Lay a solid foundation for development.
In 2024, the vice president of the China Iron and Steel Industry Association pointed out that with the slowdown in economic growth and weakening demand, the situation of steel supply exceeding demand has become increasingly obvious, and production has shown a downward trend. However, industry benefits are improving, and there are signs of balanced development of the steel industry chain. Steel companies are accelerating the implementation of structural adjustment, transformation and upgrading, laying the foundation for the healthy development of my country’s steel industry in the future.
He said that our country’s economy is in a stage of deep adjustment, and the steel and coal industries must adapt to new situations and changes and achieve new balanced development. When facing the same external environment, all parties in the steel industry chain cannot develop independently for a long time, and industry chain cooperation is an inevitable trend. Therefore, all stakeholders should put aside short-term interests and establish long-term and stable cooperative relationships to achieve benefit sharing and risk sharing.
At the second steel industry “New Knowledge, New Technology, New Concepts” Summit Forum, the Party Secretary and Secretary-General of the China Iron and Steel Industry Association pointed out that my country’s steel industry has entered a period of deep reform and adjustment, which is the road to “big and strong”. “An important strategic adjustment of goals. The steel industry needs to transform from scale efficiency to quality efficiency, accelerate the balance between supply and demand, and promote transformation and upgrading. This requires the support of new knowledge, new technologies, new concepts, as well as extensive discussion and demonstration by experts, scholars and business elites from various fields.
Post time: Jun-17-2024