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CONF: Quality development key for China’s steel industry

Quality development is the mission for the Chinese steel industry even though there are many difficulties to conquer along the way, Shen Bin, chairman of China’s chairman of CISA China Iron and Steel Association (CISA), reiterated at CISA’s latest council meeting held on July 31 in Zhangjiagang, East China's Jiangsu province.
Among the difficulties are the periodical or structural overcapacity in the steel industry, the little progress in mergers and acquisitions, the fierce competition in similar steel product structures, lack of investment in innovation, the instability in quality of medium- to high-end steel products, and the intensified environmental restrictions in steel


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