CISIA: We Must Strictly Control The Excessive Increase In Production Capacity in 2020

　　Eliminating excess steel production capacity and banning new production capacity is both a tough and protracted battle. 2020 is the final year of the “Thirteenth Five-Year Plan”. As the vanguard of supply-side structural reforms, the steel industry is still facing a severe situation. Enterprises need to overcome the extensive development inertia, focus on accelerating the transformation of the structure, and accelerate the promotion of high quality. development of.

　　On January 11, the Sixth Member Conference of the China Iron and Steel Industry Association (CISIA) was held in Beijing. The newly elected Chairman of China Iron and Steel Association in 2020 and Chairman of Shagang Group Corporation Shen Bin pointed out that in 2020, the steel industry must make joint efforts to promote more stable operation of the industry. On the product side, it is necessary to strictly control the excessive increase of production capacity to prevent new surpluses; on the raw material side, to ensure the healthy and stable operation of the iron ore market, to form a joint force to resist monopoly, hype and improve transaction transparency, and to further accelerate the trade mechanism perfect.

　　At this meeting, Gao Xiangming, the newly-retired Chairman of the CISIA in 2019 and Chairman of Taiyuan Iron and Steel (Group) Co., Ltd., and Shen Bin, the new rotating chairman, "relayed" and emphasized that they will consolidate and resolve the excess steel production capacity, Regarding the increase of steel production capacity as a key task of the steel industry in 2020.

　　Subsequently, Shen Bin, the newly elected rotating chairman of the CISIA, said in a speech that "relieving excess capacity is an important prerequisite for the smooth operation and healthy development of the industry. Next, major steel companies still need to strictly control production capacity at the product end. Too fast increase, to prevent new excess capacity, and work together to promote more stable operation of the industry.

　　"On the one hand, we must effectively guide market expectations by strengthening the collection, analysis, and release of market information; on the other hand, we must play an exemplary role in strictly prohibiting new capacity and preventing the re-ignition of 'strip steel', strengthen self-discipline, and jointly maintain Hard-won industry operating environment. "Shen Bin said. (source from people.com.cn)