The steel industry is an important part of the national economy and plays a pivotal role in ensuring the sustained and stable development of the economy. Looking back at the history of China's economic growth, the development and contribution of the steel industry cannot be underestimated. It effectively supports the development and progress of China's modern industry. It has provided a steady stream of basic material security since the founding of the People's Republic of China, especially since the establishment of the 40 years of reform and opening up.

At present, in the face of profound changes in the internal and external economic situation, especially the new requirements arising from the Chinese economy's transition to the new normal, the Chinese steel industry has launched a new round of deep-level reforms. Among them, it not only involves traditional products such as product diversification, industrial adjustment and upgrading in the steel industry, but also includes new measures such as market adjustment, functional positioning, structural optimization, and industrial integration.

As a pillar industry in China's manufacturing industry, the steel industry is not only the mainstay of China's sustained economic development, but also the vane of China's deepening economic reform.