China steel distribution sector calls for end to price wars

A new organization created under the auspices of the China Iron and Steel Association (CISA) focused on the domestic and overseas distribution of steel, used its first day of business, June 16, to issue an ‘initiative’ targeting excessive or “involution-style” competition in the steel distribution sector.

The 'Metal Material Trade Council of the China Iron and Steel Association' was established on June 15 aimed at strengthening CISA's presence in the steel trading and distribution sector and promote closer coordination between the steel sector's production and distribution sides, Mysteel Global understands. The Council's 'initiative' was not released