As the domestic economy continues to improve, the demand for steel continues to increase, causing steel prices to continue to rise. According to statistics, in the third quarter of this year, the profits of the steel industry increased by 20% month-on-month, and the market expects that the market will continue to rise in the future.

In order to adapt to market changes and improve competitiveness, many steel companies have begun to increase technological innovation and introduce technologies such as intelligent manufacturing and big data analysis to promote the upgrading of the steel industry to high-end and intelligent directions.

As the uncertainty of the global trade environment increases, steel trade frictions are also gradually intensifying. Domestic steel companies are facing pressures such as market share being occupied by foreign companies and export restrictions. The future development of the industry faces challenges.