The steel industry will continue to reduce crude steel production in the second half of the year

On July 29, the fourth session of the Sixth General Assembly of China Iron and steel industry association was held in Beijing. At the meeting, Xia Nong, a first-class inspector of the industry department of the national development and Reform Commission, delivered a video speech.

Xia Nong pointed out that in the first half of this year, China’s iron and steel industry generally achieved a stable operation, with the following characteristics: first, the reduction of crude steel output; Second, steel production mainly meets the domestic market demand; Third, steel inventory increased rapidly; Fourth, domestic iron ore production maintained growth; Fifth, the number of imported iron ore fell; Sixthly, the benefits of the industry have declined.

Xia Nong said that in the second half of the year, the steel industry should continue to work together to promote the high-quality development of the industry. First, it is strictly prohibited to increase steel production capacity; Second, continue to reduce the output of crude steel; Third, continue to promote mergers and acquisitions; Fourth, continue to promote green and low-carbon transformation; Fifth, increase domestic iron ore development.

Post time: Aug-01-2022