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When Is The Best Time To Improve Industry Concentration In The Steel Industry
Oct 22, 2018

"Improving industrial concentration is the key to the high-quality development of China's iron and steel industry, and the key to the comprehensive deepening reform in China's steel industry." September 12, the former vice minister of metallurgical industry, China Iron and Steel Association, the original President Wu Xichun was invited to the China Metallurgical newspaper discussion. He emphasized the experience and lessons of China's iron and steel industry during the reform and opening up in 40 and its future development path.

Wuxichun said it has been more than 60 years since graduating from the Beijing Iron and Steel Industry School in 1955 into the steel industry. "I've never left the steel industry for the last more than 60 years, and that's the thing I'm most thankful for. 40 years of reform and opening up, China's iron and steel industry development history can be broadly divided into 5 stages. "he said.


When is the best time to improve industry concentration in the steel industry

Wuxichun points out that now is the best time to solve the problem of low concentration of industry. Without increasing the concentration of industry, it is impossible to realize the dynamic balance of production and demand through the industry self-regulation, market stability, and can not avoid overcapacity, steel price fluctuations, but also difficult to obtain the international iron ore market procurement of the discourse right. Now, China's economy has shifted from high-speed growth stage to high-quality development stage, and is in the process of changing the way of development, optimizing the economic structure and transforming the growth motive. "The current elimination of backward production capacity and urban environmental governance, as well as the local emergence of small and medium-sized steel mills since 2008 to the overhaul of the renewal period, in this key node, can not lose the joint restructuring of enterprises to become bigger and stronger opportunities!