China’s steel industry accelerates high-quality growth in innovation

Chi Jingdong, vice president of the China Iron and Steel Association, recently hinted that China’s steel production has entered a new phase of high-quality growth. The iron and steel industry has gone from geological exploration, thinning and smelting to ironmaking, steelmaking, steel rolling, and deep processing. The level of the entire wealth chain has reached a world-class level. Next, it must rely on innovations such as skills, quality, and service to achieve growth.

Chi Jingdong made the above-mentioned indecent ideas on the “Landscape of High-quality Growth and the Power of the Iron and Steel Industry.”

Chi Jingdong hinted that after more than two years of capacity reduction, China’s iron and steel production capacity operating rate has been restored to a fair level, and the industry’s operating situation has improved significantly. In 2017, the average selling profit rate of member enterprises of the China Iron and Steel Association was revised to 4.7%.

At the same time, the iron and steel wealth distribution has been continuously optimized, energy conservation and environmental protection have taken great steps, and technological innovation achievements have emerged. Especially out of shape is the formation of the world’s most complex steel wealth and R & D team. Basic materials plus skills and talent guarantees will lay the foundation for the steel industry to accelerate high-quality growth.

According to Huang Yixin, chairman of Nanjing Iron and Steel Group, in recent years, the company has launched a differentiated e-commerce platform and intelligent manufacturing system solution provider, and also implemented a new model of a wide range of customized delivery, thus speeding up the production of Nangang from manufacturing to wisdom Make a change.

In 2017, Nangang achieved a profit of 4.5 billion yuan, hitting a record high; from January to April in 2018, it achieved another great success, achieving an operating income of 35.6 billion yuan and a profit of 2 billion yuan.

However, a number of participants in the industry hinted that the current high-quality growth of steel is still faced with preventing the expansion of new production capacity, the prevention of the resumption of “Grid Steel”, the urgent need for rationalization of short-process steelmaking, and the strictness of environmental protection.

According to Xu Wenli, director of the iron and steel division of the Ministry of Industry and Information Technology of the Ministry of Industry and Information Technology, following the improvement of industrial efficiency, new problems have also emerged, and some premises and companies have been impulsive of new capacity. The resurgent environment of “Guanzigang” has repeatedly occurred.

National Bureau of Statistics data show that in April, China’s average daily output of crude steel hit a record high.

“From the end of May to the end of June, the relevant departments of the NDRC and the Ministry of Industry and Information Technology will organize and carry out special inspections to prevent the overcapacity production from resuming production and the re-launch of ‘Dougang Steel’. The purpose is to remove the dangers of project and capacity expansion and to fix it. Demand for hard-won achievements.” Xu Wenli said.

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Post time: Jun-21-2018
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