Henan Iron and Steel Group: Abandon low-end and low-price vicious competition and force resources to concentrate on high value-added products.

According to Henan Iron and Steel Group, on July 10th, the Secretary of the Party Committee and Chairman of Henan Iron and Steel Group, Bo Xuebin, chaired a symposium at the Anyang Base, focusing on advancing towards the forefront of advanced steel materials and deploying key tasks for the development of advanced steel materials. Bo Xuebin emphasized the need to focus on high-end transformation and deepen technological innovation. Guided by the spirit of the Sixth Meeting of the Central Financial and Economic Committee, it is necessary to deeply understand the policy orientation of the central government to eliminate outdated production capacity and prevent internal competition, to abandon low-end and low-price vicious competition, and actively seek benefits from technology and market from high-end products. It is necessary to closely integrate the characteristics of production line equipment and technological advantages, concentrate efforts on key varieties that are both beneficial and capable of forming scale, and make full efforts to develop flagship products.