On April 27, the China Iron and Steel Industry Association held a press conference. China Steel Association Party Secretary and Secretary General Liu Zhenjiang said at the meeting, this year's steel prices start more slowly, steel prices will have some room to rise but little change, the second quarter is expected to be better than the first quarter prices.

　　Liu Zhenjiang analyzed the operation of the industry in the first quarter, proposed to ensure that the second quarter industry benefits.

　　Liu Zhenjiang said that in steel exports, exports fell sharply, this part of the steel is bound to flow back to the domestic market, the formation of pressure on the domestic market. On the other hand, the steel inventory aspect hit a record high. Although inventory removal work has been underway, the pace is still slow. At present, the social inventory of 5 major varieties of steel in 22 cities in March is 15.43 million tons, an increase of 3.74 million tons from March 2017 and about 8 million tons from the end of 2017, an increase of far more than in previous years, which should cause concern across the industry. Among them, rebar has the largest increment, followed by wire rod with a large increase. He said, "the large increase in steel social inventory and enterprise inventory warning enterprises need to accelerate the pace of production control and inventory removal." As for imported ore, imported iron ore port stocks also hit a record high. The oversupply of iron ore in the market is obvious, and iron ore prices are difficult to be supported.

　　Liu Zhenjiang believes that the second quarter is a critical period for the operation of the industry, we must firmly seize this opportunity to ensure the benefits of the industry in the second quarter. Enterprises in the business work to actively stabilize the market, and work together to create a good market order. This year, the organization of the guiding ideology of production relative to last year to make the necessary adjustments, one is to the national GDP growth from last year's 6.9% adjusted to this year's 6.5% of the changes to deepen understanding and awareness; 2 is like last year again to expand production as inevitable problems, if a new round of oversupply will affect the whole situation; 3 is not because of short-term steel prices on blind expansion, to strengthen industry self-discipline, to protect the interests of industry The company should take necessary disciplinary actions against enterprises that seriously violate the industry's self-regulatory commitment convention. To pay close attention to market dynamics, in the inventory, to increase efforts to reduce steel inventories, control the inventory of raw fuel, to protect the normal production and operation of enterprises; to actively maintain order in the steel market, to avoid vicious competition, the pursuit of reasonable prices. Imported iron ore prices directly related to the benefits of steel mills, in accordance with the agreed upon concept of mutual benefit and win-win, long-term cooperation, continuous improvement of iron ore trade, and actively maintain the order of the iron ore market.