An article in the China Metallurgical News pointed out that “Silver Ten” has come to an end, and the peak season has not arrived as scheduled. The industry has waited for it, which is a sharp decline in efficiency. As early as the 14th General Meeting of the China Iron and Steel Association held in August, Jiang Wei, Party Secretary, Vice Chairman, and Secretary General of the Steel Association, issued an early warning: We must clearly recognize that the second half of the year will face greater pressure, do a good job of self-discipline production control, and reduce inventories to a lower level as soon as possible in order to guarantee reasonable benefits throughout the year. The warning is not alarmist, but rather a clear judgment based on the reality of market supply and demand. Unfortunately, many enterprises have not implemented the “three no” operating principle, self-discipline production control, and inventory reduction. The negative consequences have been highlighted in the past two months.

An article in the China Metallurgical News pointed out that “Silver Ten” has come to an end, and the peak season has not arrived as scheduled. The industry has waited for it, which is a sharp decline in efficiency. As early as the 14th General Meeting of the China Iron and Steel Association held in August, Jiang Wei, Party Secretary, Vice Chairman, and Secretary General of the Steel Association, issued an early warning: We must clearly recognize that the second half of the year will face greater pressure, do a good job of self-discipline production control, and reduce inventories to a lower level as soon as possible in order to guarantee reasonable benefits throughout the year. The warning is not alarmist, but rather a clear judgment based on the reality of market supply and demand. Unfortunately, many enterprises have not implemented the “three no” operating principle, self-discipline production control, and inventory reduction. The negative consequences have been highlighted in the past two months.