newcryptogamesplaytoearn| Jiang Wei of China Steel Association: Currently, the inventory of steel companies is at a historical high in the same period. Reducing inventories as soon as possible is the primary task for the industry to ensure efficiency

Gelonghui April 25| Jiang Wei, Deputy Secretary of the Party Committee, Vice President and Secretary General of the China Iron and Steel Association, said at the 20th Steel Industry Development Strategy Conferencenewcryptogamesplaytoearn, since 2000, apparent domestic consumption has declined for the first time in a row for three consecutive years, and has fallen below previous highs for the first time. Currently,newcryptogamesplaytoearnmy country's steel industry presents the characteristics of "three highs and three lows" of high output, high cost, high inventory, low demand, low price, and low efficiency. The main reason is that the elasticity of output at the supply side is too large, which supports the price of upstream raw materials and suppresses steel prices. Currently, the inventory of steel companies is at a historical high for the same period. Reducing inventories as soon as possible is the primary task for the industry to ensure efficiency. It is estimated that large-scale equipment updates can drive a total increase in consumption of mid-to-high-end industrial steel by approximately 8 million tons. There is an urgent need to unify thinking in the entire industry, especially for construction steel production enterprises. They must adhere to the operating principle of "three determinations and three don't", strengthen self-discipline, reduce production intensity, eliminate vicious competition, and ensure that the inventories of steel enterprises return to normal levels in the second quarter.