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Recently, the 8th China International Iron and Steel Conference with the theme of "Reform, Innovation, and Cooperation" was opened in Beijing. Chairman of the board of directors of CITIC Pacific Steel Group Yu Yapeng attended the meeting and made a report entitled “Reflections on China's Special Steel Transformation and Upgradingâ€.
In the report, Chairman Yu Yapeng made a comparative analysis with international advanced special steel companies on China's special steel company size, labor productivity, per capita sales revenue, benefit level, special steel products international market share, non-steel business and downstream extension processing, etc. At the same time, it is pointed out that the transformation and upgrading of China's special steel in the era of meager profits is the only way out of development.
With regard to how China's special steels will undergo a transformation and upgrade, Chairman Yu Yapeng believes that it is necessary to focus on the following six aspects: First, the transformation and upgrading of special steel companies should be guided by the needs of the market and customers. Second, special steel companies must specialize in processes, product service differentiation, management and operating efficiency to change, the formation of equipment-specific, market-specific, low cost, quality controllable features. Third, optimize the process, promote lean manufacturing, ensure product quality and ensure customer satisfaction. Fourth, highlighting technology leadership, increasing investment in R&D, pursuing quality cost, and guiding the entire production process with the concept of full cost optimization. Fifth, customer-centric, to provide customers with a full range of services. 6. Establish industrial alliances with upstream and downstream companies, and tie together assets, supply chain, and end-customer needs to form a stable supply-demand relationship and win the market.
The report of Chairman Yu Yapeng was unanimously endorsed and highly appreciated by the participants. Afterwards, Chairman Yu also seriously answered the questions raised by the delegates.
This conference is sponsored by China Iron and Steel Industry Association, co-organized by China Metal Society and International Steel Association, and organized by China Metallurgical Industry Sub-Council of CCPIT. 18 leaders from domestic and international steel and equipment companies exchanged ideas on policy environment, corporate reform, organizational innovation, business model innovation, market innovation, technology innovation, and product innovation. The conference was divided into two parts: the theme conference and the technical exchange meeting. Technical experts Liu Qian and Miao Yufeng, technical experts of the Xingcheng branch of the CITIC Special Steel Research Institute, participated in the technical exchange meeting and preached papers.