Jiang Wei, Party Secretary, Vice Chairman and Secretary General of the China Iron and Steel Association, thanked CITIC Special Steel for supporting the work of the China Steel Association over a long period of time and explained the overall situation in the steel industry. He pointed out that the steel industry is in a period of deep adjustment. Insufficient domestic demand coexists with oversupply, industry efficiency is declining, exports are facing new challenges such as tariff barriers and carbon border adjustment mechanisms, and the green and low-carbon transformation and cost pressure continue to rise. The Association is cooperating with relevant national departments to actively promote the withdrawal of backward production capacity, industry self-regulation, mergers and restructuring, and the establishment of market-based clearance mechanisms. CITIC Special Steel is a leading enterprise in the field of special steel. It has achieved fruitful results in mergers and restructuring, quality improvement, green and low carbon, and digital transformation. We hope that CITIC Special Steel will continue to play a leading role as a special steel leader and central enterprise and further play a leading role in the high-quality development of the industry.

Jiang Wei, Party Secretary, Vice Chairman and Secretary General of the China Iron and Steel Association, thanked CITIC Special Steel for supporting the work of the China Steel Association over a long period of time and explained the overall situation in the steel industry. He pointed out that the steel industry is in a period of deep adjustment. Insufficient domestic demand coexists with oversupply, industry efficiency is declining, exports are facing new challenges such as tariff barriers and carbon border adjustment mechanisms, and the green and low-carbon transformation and cost pressure continue to rise. The Association is cooperating with relevant national departments to actively promote the withdrawal of backward production capacity, industry self-regulation, mergers and restructuring, and the establishment of market-based clearance mechanisms. CITIC Special Steel is a leading enterprise in the field of special steel. It has achieved fruitful results in mergers and restructuring, quality improvement, green and low carbon, and digital transformation. We hope that CITIC Special Steel will continue to play a leading role as a special steel leader and central enterprise and further play a leading role in the high-quality development of the industry.