A lot of production capacity, steel production has increased?

China produced 212 million tons of crude steel, an increase of 5.4% year-on-year, with an average daily production of 2,357,200 tons of crude steel, which was the highest value in the same period in history. In the first quarter, the steel industry welcomed the increase in output in the context of smooth production progress. What should be seen about this phenomenon?

High inventory levels, lower prices, and excessive output growth bring greater pressure on the market

Liu Zhenjiang, secretary-general of the China Iron and Steel Association, bluntly stated that the excessive growth of crude steel production brought greater pressure on the market this year.