CCTV reported that the steel industry is operating generally smoothly, with an investment of approximately 600 billion yuan in scientific and technological innovation and R&D in the past five years.

The latest release from the China Iron and Steel Industry Association: From January to August, the steel industry was generally operating smoothly.

Data from the China Iron and Steel Industry Association shows that from January to August, the country produced a total of 713 million tons of crude steel, a year-on-year increase of 2.60%; 604 million tons of pig iron, a year-on-year increase of 3.70%; and 909 million tons of steel, a year-on-year increase of 6.30%.

Experts said that with the continuous adjustment of the industrial structure, my country's steel demand structure has undergone relatively obvious changes. Domestic demand for steel for automobiles has grown steadily, and infrastructure construction such as wind power and photovoltaics has grown significantly, which has driven the growth in demand for plates and steel types. There is also strong demand in industries such as shipbuilding and home appliances. The steel industry generally maintains a stable trend, and the level of high-end, intelligent, and green is steadily improving.

Zhang Longqiang, deputy secretary-general of the Iron and Steel Association and director of the Metallurgical Industry Information Standards Research Institute: The steel industry has always attached great importance to technological innovation. In five years, we have invested about 600 billion in R&D alone, and China has launched about 91 global products. For the industry The driving effect of high-quality development, especially the improvement of product quality, is still very obvious.