First, overcapacity in steel production is a global issue that must be coordinated and put into action.In order to resolve excess steel production capacity, China has already taken concrete actions. China is the only country in the world that has announced its capacity-reduction target, and it is also the country with the most efforts and the most practical measures. However, relying on China’s failure to solve the problem of excess global production capacity, it is hoped that all countries in the world will come up with practical and effective measures and take concrete actions.

Second, all countries in the world should join hands and take a clear-cut stand against trade protectionism and promote economic globalization in a direction that is more inclusive, inclusive, balanced, and win-win.We oppose any form of trade protection measures and politicize and expand the export of steel products. The Chinese steel industry will stick to the road of openness, mutual benefit and win-win progress. We must further strengthen international dialogues and consultations to jointly resolve various disputes in the foreign trade of the steel industry. At the same time, domestic enterprises will be encouraged to cooperate with overseas enterprises to bring into play their complementary advantages and carry out international capacity cooperation.

Third, the global steel market still faces the risk of substantial fluctuations. It is necessary to strengthen cooperation and achieve mutual benefits and win-win results. At present, although the iron and steel industry is running smoothly, uncertainty and instability remain. Iron ore and coal, as the main raw materials for the steel industry, still have the risk of significant price fluctuations, which is detrimental to the healthy development of the industry. The global steel industry is a community of destiny. Upstream and downstream companies must strengthen the coordination of the industrial chain, and in the spirit of mutual benefit and win-win, maintain a reasonable and stable supply of bulk raw fuel, jointly solve difficulties and problems in the development of the industry, and jointly safeguard the present Hard-won good development situation.