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China’s steel industry faces three major challenges in production for 25 consecutive years In 2020, under the influence of special factors such as the epidemic, China’s crude steel production exceeded the 1 billion ton mark for the first time, and its share of world steel production rose to 57%. While this unconventional high-speed growth has allowed the profits of steel companies to rise, it has also triggered some cold thinking in the industry. On the 20th, the ‘2021 (12th) China Iron and Steel Development Forum was held in Beijing. Many industry experts said here that it is necessary to be soberly aware that the rapid growth of China’s steel industry last year was ‘abnormal, and the development of the steel industry still faces three major challenges such as volume reduction, low carbon, and safety.

Wen ruiLuo tiejunLyu yongHuang libinLi xinchuangParty committeeCoordination bureau of the ministry industryFoshan hermdeco steel co ltdChinese academy of engineeringResearch instituteInformation technologySteel associationSteel development forumGroup co ltdChina ironWorld iron