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China's steel industry shifts from scale expansion to high-end, smart, green upgrade
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At the 15th China International Steel Conference on September 20, it was announced that China's steel industry has largely moved away from extensive scale expansion and is fully entering a new phase of high-end, intelligent, and green quality upgrading. Jiang Wei, Vice Chairman and Secretary-General of the China Iron and Steel Association, stated that the industry is driving systematic industrial restructuring through integrated innovation, achieving comprehensive transformation in capacity and equipment, products and services, and green transition. He noted that from a broader industrial cycle perspective, the sector is shifting from scale expansion to quality competition, and that responding to these changes and achieving quality upgrades hinges on technological progress and driving systemic transformation through all-around integrated innovation. The report was sourced from Xinhua.
Source report
Jin10 Data, September 20 — At the 15th China International Steel Conference held on September 20, it was reported that China's steel industry has largely moved away from extensive scale expansion and is now fully entering a new phase of high-end, intelligent, and green quality upgrading.
Jiang Wei, Vice Chairman and Secretary-General of the China Iron and Steel Association, stated at the conference that China's steel industry is driving systematic industrial restructuring through integrated innovation, achieving comprehensive transformation in the following areas:
- Capacity and equipment
- Products and services
- Green transition
"From a broader industrial cycle perspective, China's steel sector is undergoing a shift from scale expansion to quality competition," said Jiang Wei.
He noted that responding to these changes and achieving quality upgrades hinges on technological progress and driving systemic transformation through all-around integrated innovation.
(Source: Xinhua)
Source
金十数据Eastern
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China’s steel industry shifts from scale expansion to high-end, green, AI-driven upgrades