As China’s steel industry prepares for the 15th Five-Year Plan period, major steelmakers including Shougang, Ansteel, HBIS, Baogang, Hunan Iron & Steel, and Liuzhou Steel are advancing educational initiatives on establishing and practicing a correct view of performance. Through frontline investigations, Party lectures, theoretical study sessions, and warning education activities, companies are integrating the campaign with digital transformation, technological innovation, green development, and operational improvement. The initiatives aim to promote practical results, strengthen accountability, and support the industry's transition toward high-quality, intelligent, and sustainable growth.

China’s steel industry is facing renewed pressure as rising coking coal and coke prices coincide with weakening steel prices and growing inventories. After achieving a hard-won profitability recovery in April through disciplined production controls, steelmakers are once again confronting shrinking margins amid seasonal demand softness, slowing construction activity, and mounting export challenges. Meanwhile, higher raw material costs continue to squeeze profits, raising concerns that the industry could fall back into the cycle of overproduction, inventory accumulation, price declines, and losses. Industry experts emphasize that maintaining production discipline and reducing inventories remain essential to preserving market stability and supporting sustainable profitability in the second half of 2026.

The European Union’s Carbon Border Adjustment Mechanism (CBAM) is creating new challenges for Chinese steel exporters. While the EU has proposed recognizing carbon costs paid in third countries, the practical benefits for Chinese producers remain limited. Industry concerns focus on inflated default emission values, insufficient recognition of low-carbon production routes, and the planned expansion of CBAM to downstream steel products. As carbon regulations become increasingly linked to global trade, steel producers and manufacturers must strengthen carbon management, emissions reporting, and sustainability strategies to remain competitive in international markets.

The 17th China International Metal Recycling Conference showcased the steel scrap industry's commitment to transitioning from "scale expansion" to "quality-based win-win." Driven by green development and the "dual carbon" goals, scrap steel is no longer just a raw material but a strategic pillar for the sustainable development of the steel industry. For steel trading enterprises, proactively embracing compliance, digitalization, and globalization will be key to seizing opportunities in this resource revolution and helping China's steel industry achieve steady and long-term growth amid the wave of circular economy.

Against the backdrop of manufacturing transformation and the accelerated formation of new quality productive forces, a top-tier industry event hailed as the "Steel Olympics" has once again ignited the passion of industrial workers to serve the nation through their skills. This is not merely a contest of techniques, but a crucial microcosm of China's iron and steel industry marching towards high-quality development and forging the "steel backbone" of its talent foundation. Meanwhile, the global steel industry is undergoing a profound reshaping of its landscape amidst the tides of green and smart transformation.

On International Workers' Day, Chinese steelworkers exemplify dedication, innovation, and craftsmanship. From production lines to R&D centers, they pursue excellence, drive green and intelligent transformation, and pass down skills through mentorship. Their unwavering commitment forges the backbone of China’s manufacturing power, turning ordinary posts into extraordinary achievements and laying a solid foundation for a steel-strong nation.