Huang Tianwen, president of Sinosteel Group, visited the SASAC website yesterday and said in an interview with reporters that at present, China's steel industry faces some difficulties, but the long-term development of the country requires the strong support of the iron and steel industry. Overall, the potential of the steel industry is still very large in the coming years. He said that Sinosteel is also facing difficulties such as reduced demand and increased inventories. According to the changes in the market, China Steel has already staged a phased reduction of production scale, timely arrangement of production and maintenance, reduction of production costs, and efforts to circumvent market risks.
“Although China's steel industry has experienced some complicated changes and even declines, the long-term development of the country needs strong support from the steel industry. It is believed that the steel industry will surely emerge from the cold winter and usher in the spring,†said Huang Tianwen. In his opinion, the future development of China's steel industry still has support. First, in the face of the economic downturn, China has started measures to expand domestic demand. Second, China's economic development is still at a low level. A large number of infrastructure facilities must be improved. Western development, urbanization, and rural development are inseparable from the support of the steel industry. Therefore, we are still optimistic about the Chinese steel industry.
As for the impact of the financial crisis on Sinosteel Group, Huang Tianwen is sincere and honest. Sinosteel Group, which provides integrated support and system integration services for steel industry and iron and steel production companies, faces reduced demand, lower prices, increased inventory, sluggish sales, and funds. Reluctant to put pressure on.
"Sinosteel has adopted a series of measures for this purpose and achieved positive results," he said. First of all, we strive to achieve the "three stability" of the group, namely, the safety and stability of funds, the stable operation of the business and the stability of the workforce. Sinosteel paid close attention to the safety of the entire group of funds and required its subsidiaries to strengthen the management of advance payments and accounts receivable, and accelerate the speed of capital turnover and capital recovery, especially for overdue receivables, and further increase the amount of debts.
Second, there are pressures to ensure that the focus and improve investment efficiency. In accordance with changes in the market, China Steel will stagely reduce the scale of production, concentrate advantageous resources to ensure that the market has demand for production, timely arrange production and maintenance, reduce production costs, and strive to circumvent market risks; increase sales efforts, effectively reduce inventory, and reduce capital occupation. In terms of internal management, various expenses and expenses are compressed, and revenues are increased.
Third, while adopting a series of measures to ensure stable operation and promote development, it also makes full use of the “force-forcing†mechanism with strengthened resources and market constraints, vigorously promotes the structural adjustment of enterprises themselves, accelerates independent innovation, optimizes product structure, and improves product quality. Benefits, effectively transform the way of business development.
“Although China's steel industry has experienced some complicated changes and even declines, the long-term development of the country needs strong support from the steel industry. It is believed that the steel industry will surely emerge from the cold winter and usher in the spring,†said Huang Tianwen. In his opinion, the future development of China's steel industry still has support. First, in the face of the economic downturn, China has started measures to expand domestic demand. Second, China's economic development is still at a low level. A large number of infrastructure facilities must be improved. Western development, urbanization, and rural development are inseparable from the support of the steel industry. Therefore, we are still optimistic about the Chinese steel industry.
As for the impact of the financial crisis on Sinosteel Group, Huang Tianwen is sincere and honest. Sinosteel Group, which provides integrated support and system integration services for steel industry and iron and steel production companies, faces reduced demand, lower prices, increased inventory, sluggish sales, and funds. Reluctant to put pressure on.
"Sinosteel has adopted a series of measures for this purpose and achieved positive results," he said. First of all, we strive to achieve the "three stability" of the group, namely, the safety and stability of funds, the stable operation of the business and the stability of the workforce. Sinosteel paid close attention to the safety of the entire group of funds and required its subsidiaries to strengthen the management of advance payments and accounts receivable, and accelerate the speed of capital turnover and capital recovery, especially for overdue receivables, and further increase the amount of debts.
Second, there are pressures to ensure that the focus and improve investment efficiency. In accordance with changes in the market, China Steel will stagely reduce the scale of production, concentrate advantageous resources to ensure that the market has demand for production, timely arrange production and maintenance, reduce production costs, and strive to circumvent market risks; increase sales efforts, effectively reduce inventory, and reduce capital occupation. In terms of internal management, various expenses and expenses are compressed, and revenues are increased.
Third, while adopting a series of measures to ensure stable operation and promote development, it also makes full use of the “force-forcing†mechanism with strengthened resources and market constraints, vigorously promotes the structural adjustment of enterprises themselves, accelerates independent innovation, optimizes product structure, and improves product quality. Benefits, effectively transform the way of business development.
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