It is necessary to promote the high-quality development of China's steel industry through quality changes, changes in efficiency, and changes in power.

The problem of overcapacity facing the steel industry in China is still structural in nature, that is, low-end supply surplus and high-end supply coexist. While actively resolving excess capacity, we must strive to increase quality, improve brand, and promote high-quality development of China's steel industry through quality changes, efficiency changes, and power reforms.

To this end, we must continuously improve the full-factor production benefits of the steel industry, so that investment returns, enterprises have profits, employees have income, and governments have taxes. It is necessary to take the road of innovation-driven development, independently develop key core process technologies, break through a batch of key technologies and materials, and make up for the shortcomings of China's development. We must take the road of ecological environmental protection, strive for unit energy consumption to reach the international advanced level, achieve zero or negative growth in total energy consumption, and promote comprehensive resource conservation and recycling. At the same time, we must also focus on accelerating the development of smart manufacturing, enhancing the level of green development and strengthening quality brand building.