CISA vice chair urges unified action on steel output cuts

A wide consensus on production cuts has been reached within China's steel industry in response to mounting challenges it now faces both at home and abroad, so translating this agreement into coordinatedaction becomes an urgent priority for Chinese steelmakers, according to a release from the China Iron and Steel Association (CISA).

Speaking at an industry conference on April 25, Luo Tiejun, Vice Chairman of the CISA, stated that China's steel industry continues to be the most competitive in the world, with its products maintaining advantages in global markets. However, the domestic steel industry is currently operating under severe pressure because of a persistent market downturn and contraction in