On April 26, at the third meeting of the fifth Member assembly of Tangshan Iron and Steel Industry Association, Yan Xiangbin, former Vice president of University of Science and Technology Beijing, Standing Committee member of the Party Committee, and current president of Guangdong University of Foreign Studies, made a special report on the Development Status and Prospect of Steel Industry driven by data intelligence.

Yan gave a detailed analysis of the current situation and future development trend of China's steel industry, emphasizing that digitalization will become a key driving force for the high-quality development of the steel industry. In the report, Professor Yan pointed out that China's steel industry has faced the challenges of the financial crisis and trade war in the past decade, but still maintained rapid development and maintained stable growth during the global outbreak of the new coronavirus. Through enumeration of a series of detailed data, it shows the stability and resilience of the foundation of China's steel industry, as well as the qualitative change in technological innovation ability, especially under the challenge of reducing production capacity and coping with the "double carbon target" policy, the industry has made achievements in the face of complex and profound environmental changes.

In terms of carbon dioxide emission control, China has adopted measures to manage carbon emissions by lowering crude steel production, improving technical level and rationally distributing industrial structure. In addition, he also highlighted the vigorous development of the digital economy, especially highlighting the importance of industrial digitalization in China as the world's second largest digital economy and its role as an engine in the development of the digital economy.

Yan Xiangbin also pointed out the limitations of the digital transformation of the steel industry, including overcapacity and production and marketing conflicts. To this end, he stressed the importance of achieving "digital-real convergence", that is, blending new industrial technologies with advanced information technology to manage operations lean.

Looking forward to the future, Professor Yan Xiangbin believes that information technology, artificial intelligence and green low-carbon technology will become the new engine to promote the high-quality development of the steel industry, proposed that intelligence, high efficiency, green, digital is the direction of the future development of the steel industry, and encouraged to jointly promote the transformation and upgrading of the steel industry to achieve high-quality development. The introduction of new quality productivity will inject strong momentum into the industry, and at the same time, low-carbon policies introduced at the national and industry levels will make significant progress in promoting the high-quality development of the industry.

President Xiangbin Yan's profound analysis benefited the participants, highlighting the importance of digitalization for the future development of the steel industry, pointing out the direction for the transformation and upgrading of the industry, and outlining a dynamic blueprint for the development of the steel industry.