CISA urges stainless steel manufacturers to avoid excessive competition

Xia Nong, Vice President of the China Association of Ferrous Metallurgy (CISA), attended the recent China Stainless Steel Industry Annual Conference and China Stainless Steel Industry Development Summit held in Foshan, Guangdong Province, during which he stated that the stainless steel industry has continued to expand its production capacity in recent years for several years, this led to fierce competition due to the homogenization of products. He also said that the stainless steel industry has a relatively high concentration, which gives it the potential to take a leading position in the steel sector in curbing "involution" (excessive and self-defeating competition) and strengthening self-regulation.

The CISA representative suggested that the stainless steel industry avoid involution, continue to promote technological innovation, promote energy-saving and environmentally friendly upgrades, and cultivate the domestic market and promote the coordinated development of industrial production. chain.