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On July 10, the China Iron and Steel Industry Association held a video conference on the management of some iron and steel enterprises in the first half of the year, He Wenbo, executive chairman of CISA, said on the conference after the epidemic, the operation of the iron and steel industry is mainly divided into three stages: 

 

the first is the "safety" stage, and the epidemic prevention and control work is carried out comprehensively. In view of the difficulties such as blocked logistics and limited personnel flow, the association called on the whole industry to strengthen confidence, overcome difficulties and spare no effort to win the war of epidemic prevention and control; 

 

and the second stage is the "stable operation" stage, we should concentrate on promoting the resumption of work and production. The focus of the whole industry is shifted from the production side to the demand side, and the recovery progress of downstream industries and the change of industrial chain are comprehensively tracked to meet the demand for steel in the recovery of national economy;

 

the third is the "development" stage, we will unswervingly promote high-quality development. Under the background of normalization of domestic epidemic prevention and control and severe and complex situation of overseas epidemic situation, in the face of the effectiveness of national policies and measures to hedge the impact of the epidemic situation and the gradual recovery of steel consumption, we should look at the problem from a dialectical and long-term perspective, maintain strategic focus, and continuously promote the high-quality development of the industry.

 

He Wenbo pointed out that at present, we are in the stage of "seeking development", and the stable operation of the iron and steel industry still faces many difficulties and challenges: first, the production capacity is released rapidly, and the production intensity exceeds the market demand; second, the global economic recession, the international environment is more complex, and the unstable and uncertain factors are increasing; third, the iron ore price is still at a high level, which brings great pressure on the industry to improve efficiency; fourth, there are still many problems to be solved in terms of financial support, tax and fee reduction, import and export policies of iron and steel enterprises.

 

Source: translated by editor