Party secretary of China Iron and Steel Industry Association, the Secretary-General Liu Zhenjiang Liu Zhenjiang believes China is now entering a new stage of development, due to the strategic adjustment of the pace of development and the development of the economy, the steel industry is accordingly necessary strategic adjustments. At present, due to weaker demand make overcapacity problems stand out, China’s steel industry is actively resolve overcapacity, economies of scale begin to shift from a focus on quality and efficiency. First, a major restructuring of the corporate structure, organizational structure, product structure, industrial layout, transformation and upgrading. Second, pay more attention to technological innovation, product quality, intelligent manufacturing, and more attention to environmental protection and green development, promote new industrial revolution steel industry.

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