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China steel association calls for end to price wars, extreme competition

( July 31, 2025, 04:32 GMT | Official Statement) -- MLex Summary: China's National Association of Metal Material Trade issued a proposal urging the steel industry to resist "involution-style" competition — a Chinese concept referring to intense yet ultimately unproductive rivalry — and promote orderly development. Criticizing practices such as price undercutting, excessive financing and destructive rivalry, it urged a return to rational competition, reasonable profit margins and stronger self-regulation. The association also called for collective efforts to safeguard the global competitiveness of Chinese steel and pledged to address industry concerns while promoting service standards and self-regulation.The proposal, in Chinese, is attached....

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