China Steel Group Says Players Must Ensure Supply, Control Price

The China Iron and Steel Association (CISA) said over the weekend that industry players must ensure supply while keeping prices stable in what is a "complex, volatile, unstable and uncertain market situation."

Photo Insert: A delicate balance must be struck between maintaining an ample supply of steel and making sure prices are kept in check.

In the post on the association's official WeChat page, Chairman He Wenbo said it is necessary to pay close attention to recovering global steel production, adjust production and improve industry governance, Steven Bian and Engen Tham reported for Reuters.

Government specifications on the scale of production is "not a long-term solution," said He. "Market forces, the rule of law, and internationalization are still the basic principles we must always abide by," added He.

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