The China Iron and Steel Association issues the "Initiative for Comprehensive Self-Discipline in Production Control and Inventory Reduction in the Steel Industry"

Zhitong Finance APP has learned that on September 15, the China Iron and Steel Association issued the "Proposal for the Comprehensive Implementation of Self-Disciplined Production Control and Destocking in the Steel Industry," which stated that steel enterprises should take proactive action, thoroughly practice the "three fixed and three do not" operating principles, adhere to giving priority to efficiency, and organize production according to market demand; persist in self-disciplined production control and destocking, fully leverage the role of steel enterprises as market entities, promptly reduce high inventory levels, and jointly promote the dynamic balance of supply and demand. Steel enterprises should resolutely resist the behavior of competing for market share at low prices below cost and consciously regulate market behavior; leading enterprises should play a good exemplary and demonstrative role, while small and medium-sized enterprises should coordinate and act in tandem, jointly safeguarding market stability and promoting the steel industry to achieve a good start for the "15th Five-Year Plan."