China Iron and Steel Association: No Obvious Recovery And Upward Trend In Real Estate, And There Is No Motivation For A Substantial Increase In Steel Demand

The 19th Iron and Steel Industry Development Strategy Conference was held in Shanghai recently. Jiang Wei, vice president of the China Iron and Steel Association, said that overall, the real estate industry still has no obvious upward trend of recovery, and there is no motivation for a substantial increase in steel demand. The automobile industry is expected to recover.

For iron and steel enterprises, when the industry is in a downturn, it is even more necessary to adhere to the principle of "three certainties and three don'ts". That is, to determine production based on sales, do not turn cash into inventory; to determine production based on efficiency, so as not to cause operational "blood loss";