Chi Jingdong introduced that in recent years, China's steel industry has unswervingly promoted capacity reduction and achieved remarkable results. The utilization rate of steel production capacity has basically recovered to a reasonable level, the contradiction in the serious surplus of steel production capacity has been effectively eased, and the business situation of the steel industry has improved significantly. In 2017, the average sales profit rate of the members of the China Iron and Steel Association statistics was restored to 4.7%. After several generations of hard work, the steel industry in China has developed from the geological prospecting, mining, and mineral processing to ironmaking, steelmaking, steel rolling, to the deep processing of the entire industrial chain technology and equipment technology level, as well as the level of automation information, energy conservation and environmental protection level. Have reached the world-class. "This is a solid material basis for achieving high quality development," he said.

In terms of technology, the scientific and technological innovation in the steel industry has achieved remarkable achievements and the overall level has significantly improved. The iron and steel industry structure has been continuously optimized, the quality of its varieties has improved significantly, energy conservation and environmental protection have taken a big step, and technological innovation achievements have continued to emerge. The innovation system in the steel industry has gradually improved and the level of innovation continues to increase. The promotion of scientific and technological innovation achievements in the steel industry has been accelerated and the application results have been significant. In terms of talents, we have formed the largest and highest quality steel industry army and R&D team in the world from talent cultivation, use to mobility. We not only have specialized metallurgical institutions and R&D institutions to cultivate professional talents, but also have accumulated a large amount of specialized talents and intellectual property rights due to the large scale of the industry. “This is the technical foundation and talent guarantee for achieving high-quality development.” Chi Jingdong pointed out.