Group 1 - The steel industry is entering a phase of slowing demand growth, with a shift towards quality improvement and reduced production [1][2][3] - Global steel demand is projected to have a compound annual growth rate (CAGR) of 0.43% in 2020-2024, with a decline expected in 2023 and 2024 [2] - China's steel demand is decreasing, expected to account for 48.2% of global demand by 2025, down from 50% in 2020 [2] Group 2 - Steel companies are transitioning from being mere suppliers to providing comprehensive metal material solutions, focusing on high-value and differentiated products [4][5] - Companies like Hebei Iron and Steel Group are increasing R&D investments, with a growth rate of over 25% annually, and shifting product focus from "raw material level" to "material level" [4] - Baowu Steel Group is enhancing demand-driven strategies by offering lightweight, durable, and efficient steel solutions [5] Group 3 - The global steel industry is expected to see significant changes in production layout, product structure, and green low-carbon initiatives [3][6] - Japanese steel companies are adopting strategies to transition towards high-value products and reduce capacity in response to changing demand [6] - Future competitiveness in the steel sector will depend on the ability to acquire raw materials and energy at low costs and maintain high energy efficiency in production facilities [7]