CONF: CISA urges self-discipline to curb steel output, reduce inventory

Self-disciplined production control and inventory reduction are essential measures to address the current challenges facing China's steel industry, Jiang Wei, Vice Chairman and Secretary General of the China Iron and Steel Association (CISA), told delegates at Mysteel's annual conference in Shanghai last weekend.

Jiang noted that in 2025, despite a sharp decline in domestic steel demand and persistently low steel prices, Chinese steelmakers' profitability margins improved, largely due to stronger self-discipline across the industry. During the first 10 months of this year, China's apparent crude steel consumption totaled 710 million tonnes, down 6.4%