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What should the steel industry do to build a new development pattern?

The Standing Committee meeting of the Politburo of the CPC Central Committee held on May 14 proposed for the first time to build a new development pattern in which the domestic and international dual cycles promote each other. General Secretary Xi Jinping pointed out that to give full play to the advantages of the domestic super-large-scale market, gradually form a new development pattern with domestic large-scale circulation as the main body and domestic and international dual-cycle mutual promotion, upgrade the modernization level of the industrial chain supply chain, vigorously promote technological innovation, and accelerate key core technologies Tackling key problems.
So, what will the steel industry show in this process? With this question in mind, a reporter from China Metallurgical News recently interviewed Li Xinchuang, party secretary of the Metallurgical Industry Planning and Research Institute.
Reporter: In light of the development of the steel industry, please talk about the connotation of this new development pattern? Where is the "new"?
Li Xinchuang: Our country has a huge market size advantage. Only by transforming the huge market potential into actual demand, can it be possible to increase the impetus for my country's economic development by prospering the domestic economy and smoothing the domestic cycle. In the short term, the new pattern will help alleviate the impact of the epidemic on enterprises; in the long term, it will help stimulate a strong endogenous motivation for high-quality development. Accelerate the construction of a complete domestic demand system, form more new growth points and growth poles, and strive to open up production, distribution, circulation, and consumption links, and smooth the domestic cycle, which is conducive to the continuous upgrade of domestic market demand and the continuous improvement of supply capacity. At the same time, promoting the realization of dynamic equilibrium between supply and demand at a higher level and at a higher level can provide sustainable development momentum for the domestic cycle.

For the Chinese steel industry, "newness" is at least reflected in the following five aspects:

One is to promote the formation of a new balance between supply and demand. During the "14th Five-Year Plan" period, supply-side structural reforms will still be the main line of the development of the steel industry. Maintaining the basic balance of supply and demand is the key to achieving high-quality development in the industry. In the last round of capacity reduction, the production capacity with high pollution, serious substandard quality, and backward technology has been eliminated. The existing steel production capacity is relatively advanced in the world. Therefore, we must appropriately adjust policies and create new demand, especially leading the vast domestic demand, to promote the formation of a higher level and higher quality balance of supply and demand.
The second is to expand new domestic demand markets.
The third is to create a new industrial pattern.
The fourth is to build a complete industrial system. The core of "six stability" and "six guarantees" is to ensure the safety of the supply chain industry chain. For the Chinese steel industry, the iron ore, manganese ore, nickel ore, and chromium ore required in the production process are more than 80% dependent on foreign sources. The raw material supply channels are highly concentrated, while the demand side is relatively scattered, and the market has insufficient voice.
The fifth is to promote new technological progress. The iron and steel industry must strengthen its position as the mainstay of innovation, fully mobilize the upstream and downstream innovation resources of the iron and steel industry chain, and create an industry-university-research-application-integrated industrial chain collaborative innovation ecosystem; further promote the construction of national technological innovation demonstration steel enterprises, and support the national new type of steel-led industry Industrialization industry demonstration base construction; focus on low-carbon ironmaking technology, high-efficiency and low-cost clean steel smelting technology, high-efficiency steel rolling technology and equipment, high-efficiency utilization technology of secondary resources, big data-based steel full-process product process quality control technology and integration The key common technologies of the industry, such as the performance prediction and control of chemical organization, increase the investment in innovation resources, achieve technological breakthroughs and technology leadership, and enhance the competitiveness of the steel industry. (source from csteelnews.com)
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