The National People's Congress and the Chinese Political Consultative Conference(NPC&CPPCC)

On 7^th March, One of the National People's Congress representatives reported that the contradiction of China's steel industry overcapacity is already very sharp, hope that relevant ministries issued out specific measures of excess capacity as soon as possible

In the last 2012, a very grim situation of steel enterprise, management is also difficult, we need try our best to prevent loss bottom line. If annual loss, the enterprises have to drop next year salary, this confidence hit to the worker will be very big, so we can only prevent loss this bottom line.

In a challenging environment, macroeconomic is the main reason of the iron and steel industry operating difficulties, caused industry overcapacity contradiction is very grim, hope the relevant departments can take measures as soon as possible , from the aspects of project examination and approval, land, loans, etc to strengthen management