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[Ferro-Alloys.com] China's steel industry must adhere to high-quality development because it is faced with both opportunities and challenges due to domestic and external environment conditions, according to Qu Xiuli, deputy head of the China Iron and Steel Association.
"Next year, as the Chinese economy continues to grow, domestic steel demand is expected to be stable, but at the same time, the international trade environment is likely to remain complicated, and raw fuel and material prices will remain high," she said.
According to Qu, China's steel industry should tap the potential of new and high-end products to pursue high-quality development, as its size has become too big to grow exponentially.
The industry should also pay attention to innovation, including developing smart manufacturing and scientific innovation, as well as adhere to low-carbon and green development, she said.
Source: chinadaily.com.cn
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