XVII Steel Development Strategy Conference, hosted by SteelHome, was successfully held in Shanghai Tower during 9-11 April, 2021. Over 1,000 delegates from governments, associations, steel mills, miners, traders, research institutes and media attended.

The 10th International Steel Raw Materials Supply Chain Summit, 11th International Coal & Coke Development Strategy Summit, 9th China Commodities E-Commerce Summit and 2021 SteelHome Spring Report were simultaneously held.

Chen Yongfeng, executive deputy general manager of Wuhu Xinxing Cast Pipe Co., Ltd delivered a Speech titled Strategies for Steel Mills under High Costs

Chen Yongfeng, executive deputy general manager of Wuhu Xinxing Cast Pipe Co., Ltd

Summary of speeches:

In the first quarter of the year 2021 , the price of iron ore rose sharply, and the price of metallurgical coke rose first and then fell, scrap price rose, and ferrosilicon price kept rising.

Situation of steel enterprises with high costs: in 2020, China's economy recovered rapidly, and the downstream demand of steel gradually recovered, which resulted a significant growth of steel production. Due to the weak external demand, steel export decreased while steel import increased. further decline of export and significant rebound of import

Strategies for high cost: 1) Adjust measures to local conditions, improve output and reduce fixed cost; 2) Combine with the market and adjust timely, optimize structure and reduce input cost; 3) Strengthen benchmarking, reduce variable costs; 4) Solidify process, stabilize production, eliminate accidents and eliminate cost waste.