On October 23, a symposium on the economic operation of some steel companies for the 3rd quarter of 2026 hosted by the China Iron and Steel Association and co-organized by Liugang Group was held in Liuzhou, Guangxi. At the meeting, relevant officials from 25 steel companies including China's Baowu, Angang Steel Group, Hegang Group, Shougang Group, and Shagang Group exchanged views on the production and operation situation of enterprises in the first three quarters, discussed the difficult challenges currently faced by the industry, investigated and judged the industry situation in the fourth quarter and later stages, and put forward relevant policy suggestions. Relevant comrades from the Steel Association's Industrial Operation Department, Ministry of Science, Technology and Environmental Protection, Ministry of Planning and Development, Market Research Department, and Information and Statistics Department responded to concerns about capacity management, production control, steel exports, data governance, and carbon markets at the conference. Regarding the industry situation in the fourth quarter of this year, most delegates thought it was “too cautious.” Most delegates believe that the conflict between supply and demand in the fourth quarter is still large. The domestic steel market will be in a pattern where supply flexibility is high, demand continues to decline, and costs remain high, but the core depends on the supply side. On the basis of adhering to the “three decisions, three no” business principles, all enterprises should put into practice self-regulation to control production and reduce inventories. Delegates at the meeting suggested speeding up the establishment of a new production capacity management mechanism, strictly implementing capacity replacement policies, and clearing production capacity exit channels; implementing this year's production regulation policy while forming effective closed-loop supervision; and supporting the advantages and eliminating the bad, so that the factor resources in industrial policy are skewed towards advantageous enterprises. Furthermore, participants called for more measures and efforts to stabilize coking coal market prices at present to avoid further increases in raw fuel costs in the industry.

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