The steel industry actively responds to the severe situation

Looking back on the first half of 2022, affected by the epidemic, macroeconomic data fell significantly, downstream demand was sluggish, driving steel prices down. At the same time, the conflict between Russia and Ukraine and other factors led to high raw material prices in the upstream, low profits for steel mills and the market, and some steel enterprises entered the ranks of shutdown and maintenance.

The second half of 2022 has arrived. How will the steel industry cope with the current severe situation? Recently, a number of iron and steel enterprises have deployed their work in the second half of the year, as follows:

1. At present, the whole industry has a large area of losses, and there is a trend to continue to expand

2. Ensure the completion of the group’s annual goals and tasks, and lay a solid foundation for Shougang’s high-quality development

3. In the second half of the year, we will strive to exceed the annual business objectives with the goal of maximizing benefits

With the goal of maximizing benefits, we should further gather consensus, be prepared for danger in times of safety, adhere to the two core indicators of “cost and profit”, adhere to the three red lines of “safety, environmental protection and quality”, highlight the work of Party building, safe and efficient production, cost reduction and quality improvement, product research and development innovation, style construction, and strive to exceed the annual business goals by “ensuring the season with the month, and ensuring the year with the season”.

Minjie steel also insists on strengthening the industry and optimizing the brand.