On February 13th, the fifth meeting of the sixth general meeting of the China Iron and Steel Industry Association (referred to as CISA) was held in Beijing. In his work report, He Wenbo, Secretary of the Party Committee and Executive Chairman of the China Iron and Steel Association, comprehensively summarized the operation of the steel industry in 2022, detailed the progress of key work in 2022, deeply analyzed the economic and market situation faced by the steel industry in 2023, and deployed the key work tasks to be carried out in the steel industry in 2023. He Wenbo stated that the operation of the steel industry in 2022 presents seven characteristics: firstly, the year-on-year decrease in steel production and the weakening of consumption intensity. Secondly, the global steel market is sluggish, and the decline in crude steel production outside of China is greater than that in China. Thirdly, steel exports remained relatively stable year-on-year, while imports showed a significant decline. Fourthly, steel prices have shifted from rising to falling, resulting in a significant increase in fuel costs. Fifth, the year-on-year decline in corporate profitability and a slight increase in asset liability ratio. Sixth, the structure of fixed assets investment continued to be optimized, and R&D expenditure continued to increase. Seventh, various environmental protection indicators continue to improve, with a slight increase in unit energy consumption indicators. Regarding the situation facing 2023, He Wenbo analyzed that from a global perspective, global economic growth is slowing down, and the growth rate of steel consumption is narrowing; From a domestic perspective, the stability of the domestic economy is paramount, and the supply and demand of steel are expected to remain stable. The stable supply and demand of steel will be manifested in five aspects: firstly, the downward trend of steel consumption in real estate has slowed down, while steel consumption in infrastructure still plays a supporting role. Secondly, the mechanical industry will maintain steady growth, and the overall steel consumption will remain stable with a slight decrease. Thirdly, the automotive industry maintains growth, driving stable demand for automotive steel. Fourthly, the domestic shipbuilding industry is expected to remain stable, while the container market is declining. Fifth, the demand for household appliances is expected to rebound, while the demand for steel remains stable.