“The obvious decline in economic efficiency is the most direct problem facing the entire industry. The problem is on the demand side, and it is also a bad result of vicious 'internal rolling' competition. “There is no way to talk about the healthy and sustainable development of the industry as a whole because of the vicious 'internal roll' competition.” On October 25, the China Iron and Steel Association held an information conference for the third quarter of 2024 in Beijing. Jiang Wei, Deputy Secretary of the Party Committee, Vice Chairman and Secretary General of the Steel Association, called on enterprises to clearly understand the peculiarities and severity of the current situation compared to the previous downward cycle, face the adjustments in the steel development stage rationally, implement the Party Central Committee's requirements to prevent “internal rolling” vicious competition with practical actions, and earnestly implement the “three decisions and three no” business principles, and work together to maintain market stability, improve economic efficiency, reduce operating risks, and truly achieve quality and effective development.

Zhitongcaijing · 10/25 14:17
“The obvious decline in economic efficiency is the most direct problem facing the entire industry. The problem is on the demand side, and it is also a bad result of vicious 'internal rolling' competition. “There is no way to talk about the healthy and sustainable development of the industry as a whole because of the vicious 'internal roll' competition.” On October 25, the China Iron and Steel Association held an information conference for the third quarter of 2024 in Beijing. Jiang Wei, Deputy Secretary of the Party Committee, Vice Chairman and Secretary General of the Steel Association, called on enterprises to clearly understand the peculiarities and severity of the current situation compared to the previous downward cycle, face the adjustments in the steel development stage rationally, implement the Party Central Committee's requirements to prevent “internal rolling” vicious competition with practical actions, and earnestly implement the “three decisions and three no” business principles, and work together to maintain market stability, improve economic efficiency, reduce operating risks, and truly achieve quality and effective development.