Affected by the overall economic situation, it is difficult to completely solve the cost problem in the short term. It can even try to replace steel with lower-cost alternative materials without affecting the quality of the product, so as to completely get rid of the limitations and impact of the steel industry. In the long run, only by relying on the company's own strength, expanding more channels and improving corporate profits can better withstand cost pressures. It is necessary to upgrade the level of innovative technology of enterprises, seek product innovations, increase the added value of products, and get rid of the current status of large-scale production only relying on low labor costs. Once the technological content and added value of products are increased, the cost pressure will naturally be overcome. There have been such precedents before, but this requires companies to have very high research and innovation capabilities.

The chief engineer of the Ministry of Industry and Information Technology stated that China’s current production capacity exceeds 700 million tons, and it is necessary to avoid blindly expanding production capacity in the development of the industry, otherwise it will bring about many adverse effects on further development. He stressed that "resolving the problem of excess capacity does not mean overcapacity in the general sense, but rather serious overcapacity, or the problem of blind investment and blind expansion of production." Also mentioned is to make full use of it. The force-reduction mechanism for energy conservation and emission reduction will further increase the elimination of backward production capacity and strictly control the blind development of industries with high energy consumption, high pollution, and overcapacity.

According to a research report, the building materials market in China has maintained a steady upward trend in recent days, and the increase in the northern region has been noticeable, especially in North China and Northeast China, which have risen close to one hundred yuan. Affected by the high price of bulk building materials, the prices of products are also bullish in the near future. The building materials market, which uses steel as its main raw material, is most affected by the steel market.

It is understood that China International Construction Hardware Fair is the second largest hardware exhibition in the world