Meng Hao pointed out that in the first quarter, under the background that China's economy remained generally stable and stable, the real estate, railway infrastructure and home appliances industries in the downstream steel industry achieved rapid growth and promoted the growth of steel consumption. In addition, China's steel exports in the first quarter increased by 12.6% year-on-year, which was significantly better than expected. Under the combined effect of various factors, the national crude steel output in the first quarter was 231.07 million tons, a year-on-year increase of 9.9%, maintaining a relatively fast growth trend.

She also pointed out that at the same time, due to the increase in iron ore prices and the fall in steel prices, the overall efficiency of the steel industry declined in the first quarter. In terms of iron ore, the price of imported iron ore has continued to rise since the first quarter. Especially after the dam breach in Brazil's Vale, the price of iron ore has risen sharply through futures and trade market speculation. At the end of January, the price of imported iron ore rose to 81.71 US dollars / ton; the price of imported iron ore in February once broke through 90 US dollars / ton; the price at the end of March was 84.90 US dollars / ton, an increase of 33.5%, although some decline, but still Living in a high position. In terms of steel prices, after a rapid decline in November 2018, the first quarter of this year began to stabilize and slowly rebound. In the first quarter, the comprehensive evaluation index of China's steel price index averaged 107.88 points, down 4.43% year-on-year, still far from the previous high point.

“Overall, the current steel industry is still relatively stable, and capacity utilization continues to be within a reasonable range.” She stressed, “In the next step, we will pay close attention to the overall operation of the steel industry. On the one hand, continue to adhere to marketization and rule of law. In principle, we will unswervingly put all the tasks of resolving excess steel production capacity into place, and maintain a zero-tolerance situation of illegal and illegal production capacity, consolidate and resolve the excess capacity achievements. On the other hand, continue to give full play to the role of industry associations and accelerate the innovation and development of the industry. Strengthen industry coordination and self-discipline, do a good job in industry monitoring and analysis, and take effective measures in a timely manner to promote the smooth operation of the steel market."