As the effects of China’s incremental policies gradually emerge, the total profit of core statistical enterprises in the steel industry in October was 7.16 billion yuan, reversing the loss situation of the entire industry in August and September, and the operation of the industry showed a positive trend. The Ministry of Industry and Information Technology is organizing the revision of the capacity replacement method of the steel industry. The next step will be to accelerate the revision and launch of the steel industry capacity replacement implementation plan, deepen and improve the differentiated capacity replacement policy, and promote the optimization of the industry's organizational structure and layout structure and the development of "reducing quantity and improving quality".

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Industry experts pointed out that the current steel industry is facing changes in the supply and demand relationship, accelerating the revision and launch of the steel industry capacity replacement implementation plan, green and low-carbon, structural adjustment, mergers and reorganizations will become the core, which will be able to improve the industry's development expectations, guide enterprises to adjust their investment ideas in a timely manner, and enhance the dynamic balance of market supply and demand.

Since the second half of 2022, affected by downstream industries such as real estate, the supply and demand relationship in the steel industry has changed significantly, and the industry's revenue has declined. To this end, relevant departments have actively promoted the stable operation and transformation and development of the industry, and deployed around the implementation of the steel industry capacity replacement policy, the implementation of macro-control of crude steel output, the strengthening of industry standard management, and the active promotion of equipment renewal and transformation and upgrading.