MEPS raised its forecast for global stainless steel crude steel production growth in 2021. It is estimated that global stainless steel crude steel production will increase by 11% year-on-year to 56.5 million tons in 2021. Indonesia's production growth in the first quarter exceeded expectations, and China's strong growth supported the expected increase in supply.

On August 20, the Anshan Iron and Steel Reorganization Conference was held in Anshan, Liaoning, marking the official start of Anshan Iron and Steel's reorganization of Benxi Iron and Steel. In this regard, Shen Bin, vice chairman of the China Iron and Steel Association, Secretary of the Party Committee and Chairman of Shagang Group, said that the reorganization of Anben is to implement the party Central Committee and the State Council’s proposal to accelerate the merger and reorganization of the steel industry, increase industrial concentration, and promote the high-quality development of the steel industry.