B · Normal
[China Iron and Steel Association advocates that the steel industry comprehensively carry out self-discipline to control production and reduce inventories] On September 15, the China Iron and Steel Industry Association issued a proposal for the steel industry to comprehensively carry out self-discipline to control production and reduce inventories: At present, China's steel industry has a solid foundation for development, and is at the advanced level of the domestic industrial field and the world's steel industry in terms of product quality, equipment level, manufacturing capacity, environmental governance, green and low carbon, process technology, and asset quality. However, from the perspective of development stage, China's steel industry has gradually entered the "reduction and optimization" stage from the "incremental development" stage; especially since 2026, the industry operation has shown the characteristics of "strong supply, weak demand, low price, weak profitability". Domestic steel demand continues to weaken, social inventory and steel company inventory have been at relatively high levels in recent years, resulting in steel prices fluctuating downwards, profits of the main steel industry falling sharply, and corporate production and operations facing greater pressure. The problem lies on the demand side, and the fundamental way out of the dilemma lies on the steel supply side. Here, we propose: First, strictly implement output control. Output regulation is the most effective measure to deal with the current dilemma of the steel industry and an important measure to promote high-quality development of the steel industry. To this end, the entire industry must effectively improve its political position, strengthen its awareness of the overall situation, start from itself, resolutely implement production control requirements, condemn overproduction, and ensure that the annual goals are achieved. The second is to adhere to self-discipline to control production and reduce inventory. Steel companies must take the initiative, deeply implement the "three certains and three don'ts" business principles, insist on giving priority to efficiency, and organize production according to market demand; insist on self-discipline to control production and reduce inventories, give full play to the role of steel companies as market players, reduce high inventories as soon as possible, and jointly promote the dynamic balance of supply and demand. The third is to give full play to the role of the industry price supervisory team. On the one hand, steel companies must resolutely resist competing for market share at prices below cost and consciously regulate market behavior; On the other hand, the supervisory role of industry price supervisors should be given full play, leading enterprises should play a leading and exemplary role, and small and medium-sized enterprises should coordinate and link up to jointly maintain market stability and promote the steel industry to achieve a good start in the "15th Five-Year Plan".
steel 🕐 2026-09-15 17:41

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