China’s steel industry should accelerate green development and intelligent manufacturing, while curbing capacity expansion, increasing industry concentration, and securing raw material resources, Shen Bin, president of the China Iron and Steel Association, was quoted as saying.
Chinese media said he also said the industry must focus on comprehensively enhancing the industrial chain, although maintaining price stability is now an urgent task.
Shen made the remarks at a seminar held for the Chinese steel industry to celebrate the 100th anniversary of the founding of the Communist Party of China. The seminar was attended by industry experts, retired officials, and company representatives from all over the country.
The majority of steel capacity in China relies on blast furnaces, and the industry needs to improve industrial structure to vigorously develop short-process steelmaking capacity to better achieve carbon control goals, the report quoted another official as saying.