Optimistic about the development of China's steel industry

 "On October 29, the China Iron and Steel Association announced at the third quarter information conference of China Steel Association that China will have hundreds of millions of tons of steel production capacity into "green steel" in the near future, and stressed that there are eight reasons to be optimistic about China's steel. industry.
First, there is demand support. From a global perspective, China's market demand is the best, and it is not a matter of demand. Second, the industry maturity is relatively high. Compared with other industries, the technology maturity is quite high and the ability to resist external risks is strong. Third, there is still much room for improvement in industry self-discipline. The whole industry will work hard and the benefits will be good. Fourth, industrial concentration is expected to further increase. Further restructuring of the steel industry is an inevitable trend and is accelerating. Fifth, there is still room for tax cuts and fees. Sixth, fair supervision has made more progress. With the advancement of the rule of law, non-market, non-economic and abnormal supervision will be less and less, and the business environment will be more and more optimized, which will help enterprises to further reduce costs. The seventh is to deepen reform. Eight is the space for international development. In the future, it is expected to expand the export of high value-added products and technologies, while exporting technology and management. The “Belt and Road” initiative will also help promote the growth of steel enterprises into international companies.