Ever wonder what's happening in the world of steel? 🧐 Well, over in the Chinese mainland, the steel industry is hitting the accelerator on some major changes! 🚀
The China Iron and Steel Industry Association (CISA) just announced that they're shaking things up. In the first half of this year, steel used for construction, bridges, and machinery took a dip 📉. But guess what? Steel for cars and ships is on the rise! 🚗🛳️
Yao Lin, the head honcho at CISA, spilled the tea at a recent council meeting. He admitted that the steel sector has been juggling some serious challenges: mismatched supply and demand, falling steel prices, pricey raw materials, and low profits. Tough crowd! 😬
But don't worry! Despite these bumps in the road, the industry is holding steady. Yao Lin says that the ongoing transformation and upgrades mean they're meeting the high demand for new types of steel. Talk about turning lemons into lemonade! 🍋➡️🍹
And here's the cool part: the steel industry is going green 🌿 and getting smarter 🤖! Nearly 80% of companies are now using industrial internet tech for smart production. That's like having Iron Man suit up the entire industry! 🦾
Yao Lin believes that the manufacturing industry will be the superhero to boost the steel sector. With the boom in new energy vehicles (think electric cars!), more orders for eco-friendly ships, and a push to replace old vessels, the demand for steel is set to soar. Plus, upgrading equipment means even more opportunities for growth. The future looks shiny! ✨
So, next time you're cruising in an electric car or watching ships sail by, remember that the steel making it all possible is part of a bigger, greener, smarter story unfolding in the Chinese mainland. 🌏❤️
Reference(s):
China's steel industry speeds up steel variety structure optimization
cgtn.com
