China Iron and Steel Association Jiang Wei: The current inventory of steel enterprises is at a historical high, and reducing inventory as soon as possible is the top priority for the industry to ensure efficiency

Jin Ten Futures, April 25th, Jiang Wei, deputy secretary of the Party Committee, vice president and secretary general of the China Iron and Steel Industry Association, said at the 20th Iron and Steel Industry Development Strategy Conference that since 2000, domestic apparent consumption has declined for three consecutive years for the first time, and fell below the previous high point for the first time. < b > At present, China's steel industry presents the characteristics of "three highs and three lows" of high output, high cost, high inventory, low demand, low price and low efficiency. The main reason is that the supply-side output elasticity release is too large, which supports the price of upstream raw materials and inhibits the price of steel. At present, the inventory of steel enterprises is at a historical high in the same period, and reducing the inventory as soon as possible is the top priority of the industry to ensure efficiency. It is estimated that large-scale equipment renewal can drive a total increase in mid-to-high-end industrial steel consumption of about 8 million tons. The whole industry urgently needs to unify its thinking, especially the construction steel production enterprises, to adhere to the "three definite three do not" business principle, strengthen self-discipline, reduce production intensity, put an end to vicious competition, and ensure that the inventory of steel enterprises returns to normal levels in the second quarter.