On July 29, the fourth session of the Sixth General Assembly of China Iron and steel industry association was held in Beijing. At the meeting, Xia Nong, a first-class inspector of the industry department of the national development and Reform Commission, delivered a video speech.

Xia Nong pointed out that in the first half of this year, China’s iron and steel industry generally achieved a stable operation, with the following characteristics: first, the reduction of crude steel output; Second, steel production mainly meets the domestic market demand; Third, steel inventory increased rapidly; Fourth, domestic iron ore production maintained growth; Fifth, the number of imported iron ore fell; Sixthly, the benefits of the industry have declined.

Xia Nong said that in the second half of the year, the steel industry should continue to work together to promote the high-quality development of the industry. First, it is strictly prohibited to increase steel production capacity; Second, continue to reduce the output of crude steel; Third, continue to promote mergers and acquisitions; Fourth, continue to promote green and low-carbon transformation; Fifth, increase domestic iron ore development.