“The steel industry is a key area for China's supply-side structural reforms. Supply-side structural reforms have also brought rare opportunities for the high-quality development of the steel industry
.” September 26, the 19th China Steel Raw Materials International Seminar At the meeting, Xing Tao, deputy director of the Department of Raw Materials Industry of the Ministry of Industry and Information Technology, pointed out that China's practice of resolving excess capacity of steel provided a good Chinese solution for globalized overcapacity and contributed to China's experience, which benefited the global steel industry.
Xing Tao believes that with the advancement of science and technology, the steel industry can completely remove the hat of the "three high industries" and become an advanced industrial industry with resource conservation, environmental friendliness, green ecology and circular economy. He also stressed that under the new era, the development opportunities and challenges of the steel industry coexist, and the road to high-quality development is still difficult.