baccarattableau| China Steel Association: The decline in apparent consumption is a high probability. Self-discipline, production control and inventory reduction are still the key

editor 5 2024-04-26

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China Iron and Steel Association: The decline in apparent consumption is a high probability. Self-discipline, production control and inventory reduction are still the key. Securities Times News, according to the website of China Iron and Steel Association, Jiang Wei, Deputy Secretary of the Party Committee, Vice President and Secretary-General of China Iron and Steel Association, said at the 20th Steel Industry Development Strategy Conference that currentlybaccarattableau...

baccarattableau| China Steel Association: The decline in apparent consumption is a high probability. Self-discipline, production control and inventory reduction are still the key

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China Steel Association: The decline in apparent consumption is a high probability. Self-discipline, production control and inventory reduction are still the key. Securities Times News, according to the website of the China Iron and Steel Association, Jiang Wei, deputy secretary of the Party Committee, vice president and secretary-general of the China Iron and Steel Association, said at the 20th Steel Industry Development Strategy Conference that currently,baccarattableaumy country's steel industry presents the characteristics of "three highs and three lows" of high output, high cost, high inventory, low demand, low price, and low efficiency. The main reason is that the elasticity of output at the supply side is too large, which supports the price of upstream raw materials and suppresses steel prices. Currently, the inventory of steel companies is at a historical high for the same period. Reducing inventories as soon as possible is the primary task for the industry to ensure efficiency. Proofreading: Wang Chaoquan

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