Luo Tiejun: Production cuts have become a consensus in the steel industry. The key is to translate this into unified action.

Luo Tiejun, member of the Party Committee and Vice President of the China Iron and Steel Industry Association, stated at the 16th China International Conference on Metal Recycling that China, as the world's largest steel domestic market, will exist for the long term. "With the current decline in demand and the market downturn, production reduction is already a consensus in the industry, the key is to translate it into unified action," emphasized Luo Tiejun.