At the meeting, Chi Jingdong analyzed the development of China's steel industry and pointed out that in the first 10 months of this year, the total profit of steel association member enterprises fell, and the sales profit rate fell 3.1% year-on-year, which is highly related to the excessive cost of imported iron ore. The purchase cost of raw materials has increased by more than 20%, which will affect the stable and sustainable development of the steel industry in the long run. It is estimated that the steel reserves will be 13 billion tons in 2025, of which construction steel accounts for about 55%, and the recycling cycle is more than 30 years, while the scrap recycling cycle of the automotive industry is short. Chi Jingdong said that accelerating the utilization of scrap steel will play a decisive role in the process change of the iron and steel industry, especially the short process process will have a fundamental change in the future. With the climax of scrapping appliances and automobiles, scrap steel will increase and resources will no longer be scarce.

Chi Jingdong believes that speeding up the recycling of scrap steel will change the way and layout of steel production. In the past, it was based on resources, and there were steel mills where there were iron ore. In the future, the development of electric furnace steel will focus on scrap steel as raw material and electricity as energy. On the one hand, the layout will change, and environmental capacity is an important consideration. In environmentally sensitive areas, electric furnace steelmaking has a market, and short processes will replace long processes. On the other hand, steelmaking methods will also change. Enterprise scale and product varieties Will rematch. Changes in processes, layouts, and production methods will greatly promote the use of low-carbon green functions in scrap steel. He emphasized that ultra-low emissions are end-of-line governance, not a fundamental solution. Accelerating the effective use of scrap steel is the only way for the low-carbon and green development of the steel industry.