Shaanxi Iron and Steel Group: Marketing Strategies on China's Construction Steel Industry On August 14-16, 2020, 16th Steel Development Strategy Conference, hosted by SteelHome, was successfully held in Shanghai Tower. Around 800 delegates from governments, associations, steel mills, miners, traders, research institutes attended the one of biggest events in China steel industry. 9th International Raw Materials Supply Chain Summit, 10th Coal & Coke Development Strategy Conference, 8th China Commodities E-Commerce Summit and 2020 SteelHome Summer Report were simultaneously held. Yan Wutang, Deputy General Manager of Hancheng Iron and Steel Co., Ltd, Shaanxi Iron and Steel Group, delivered a speech titled Marketing Strategies on China's Construction Steel Industry in Steel Market Situation and Marketing Strategy Panel on August 16, 2020. Key Points 1. Results of Supply-Side Reform in China�¢??s Steel Industry The results of the supply-side reform in China�¢??s steel industry have benefited the country�¢??s construction steel industry in the past three years. In 2017, the price of construction steel reached 5,000 yuan per tonne, bringing increased profits in steel mills. Therefore, a new round of investments started in China�¢??s steel industry. Massive investment has poured into China�¢??s steel industry after 2018, mainly in the capacity replacement and environmental protection projects. The actual steel capacity, however, was not decreased but increased. Subscribe SteelHome website to find more China Iron/Steel market information you're interested in.