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Yu Yong Hosted Worldsteel 66th Meeting of Executive Committee

On October 12, Beijing time, the 66th meeting of the Executive Committee of the World Steel Association (Worldsteel) was held by video format. Yu Yong, Chairman of Worldsteel and Chairman from HBIS Group hosted the meeting.CEO from China Baowu Steel Group, POSCO, US Steel, Nippon Steel, Gerdau SA, JSW Steel, JFE Steel, Severstal Steel, Tata Steel, Techint Group, Nucor Steel, Voestalpine AG as executive committee members attended the meeting.

Edwin Basson, Director General of Worldsteel, updated the progress of relevant matters.

The Board of Members has welcomed CEO David Burritt of US Steel, Chairman Ugur Dalbeler of Colakoglu Metalurji A.S, Director & Steel Business Supervisor Hubert Zajicek of Voestalpine A.G, Chairman Hadeed of Saudi Iron & Steel become the members of Executive Committee.

The meeting has reviewed and approved the minutes of Executive Committee Meeting held on June 1st, 2020, discussed the Zero Energy BuildingnZEB), short range outlook on steel demand and other topic. The meeting also studied other matters.

At the meeting, Worldsteel released an assessment report about the impact of Covid-19 on the development trend of steel industry and the world. China Baowu Group presented its preparation progress of Low-Carbon Metallurgy Alliance.

The meeting also agreed that the next meeting of Worldsteel Executive Committee will be held in London, United Kingdom in April 2021, subject to the conditions of Covid-19 prevention and control.