Cornerstone role: stabilizing the global supply chain China has been the world's largest steel producer for 28 consecutive years, with a crude steel output of 1.02 billion tons in 2024 (accounting for 54% of the world), equivalent to 2.3 times the total output of the United States + Japan + India + Russia. Its huge production capacity provides basic material guarantees for global infrastructure, automobile manufacturing, and equipment industries, especially in emerging markets:

• 60% of steel for Southeast Asian infrastructure projects comes from China

• The penetration rate of Chinese steel in key African projects reaches 45%

• In 2024, 110 million tons of steel will be exported to cover 198 countries, stabilizing the fluctuation of international steel prices by more than 20%

Technology export: Reshaping industry standards China's steel industry is shifting from capacity export to technology empowerment:

1. Production line construction: 15 steel mills with a capacity of 10 million tons were built in Indonesia, Saudi Arabia and other places, increasing local capacity utilization by 35%

2. Standard promotion: 80% of new steel mills in Southeast Asian countries adopt China's GB standard system

3. High-end breakthrough: The export volume of high-end products such as high-speed rail axle steel and LNG tank steel increased by 25% annually, breaking the monopoly of Europe and the United States

Cost Revolution: Driving Global Industrialization China's steel manufacturing cost advantages are significant:

• The average cost of a ton of steel is $120 lower than that of Japan and South Korea

• The cost of steel used in infrastructure in developing countries has been reduced by 30% due to China's supply

• The new energy industry has benefited from low-priced high-quality steel (the cost of steel used in photovoltaic brackets has dropped by 40%)

China, the leader of green transformation, takes the lead in the face of global pressure to reduce carbon emissions:

•50% of the world's low-carbon steel technology patents come from China

•The world's first commercial hydrogen metallurgy production line is built in Indonesia

•Provide green steel plant transformation solutions for the "Belt and Road" countries

Core values: China's steel industry has become an indispensable pillar of the world's industrial system by supporting global supply with scale, enabling industrial upgrading with technology, accelerating the industrialization process with cost, and setting industry benchmarks with green practices.