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worldsteel Chairman: China has been creating steel conglomerates and investing in new mills and cutting-edge technologies for the industry

• Tuesday, October 15, 2019
• Source:ferro-alloys.com

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• Keywords:worldsteel Chairman,competitive advantage

[Ferro-Alloys.com] Speech delivered at worldsteel General Assembly, Monterrey, Mexico on 14 October 2019, by André Bier Gerdau Johannpeter, worldsteel Chairman 2018/2019 and Executive Vice Chairman, Gerdau.

 

"Despite the complex times faced by the steel industry in recent years, with weak demand, excess supply and high raw material costs, global crude steel production reached 1.8 billion tons in 2018, growing 4.6% in relation to 2017.

 

In the last decade, China has been creating steel conglomerates and investing in new mills and cutting-edge technologies for the industry. Today, the focus on innovation, startups and digital technology for the industrial base has become a major competitive advantage for the country.

 

I want to emphasize that there is no recipe for or secret to success, but investments in innovation, strong partnerships with our production chain and this collaborative environment promoted so well by worldsteel make all the difference in addressing the challenges we face every day." (worldsteel)

 

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