Core Viewpoint - The steel industry in Xinyu is undergoing a high-quality transformation, with a complete industrial chain established and significant growth in revenue and production capacity [1][4][9]. Industry Development - Xinyu has developed a modern industrial system led by Xinjian Steel, with various sub-industries such as metal products, special steel, electrical steel, and new materials [4]. - In 2024, the steel industry's revenue is projected to reach 71.6 billion yuan, accounting for nearly 50% of the city's industrial revenue, with steel production exceeding 30% of the province's total [4]. - The city has signed new steel industry projects with a year-on-year growth of 60%, amounting to 2.849 billion yuan [4]. Competitive Advantages - Xinyu's steel industry features leading products with high market shares, including ultra-thin electrical steel with a production capacity that ranks first globally [4][6]. - The city is focusing on high-end, intelligent, and green development, with strategic products like premium silicon steel and high-quality thick plates gaining recognition [9]. Strategic Initiatives - The merger of Xinjian Steel Group with China Baowu has led to significant investment opportunities, with over 30 billion yuan expected in key projects [6]. - The city is enhancing its industrial ecosystem through a "dual new" integration development mechanism, improving service platforms, and addressing logistical challenges [12]. Technological Advancements - Xinyu's steel industry is advancing in digital transformation, with several companies recognized as "smart factories" and a focus on green manufacturing [9]. - The establishment of intelligent factories and the development of a "steel industry brain" are part of the ongoing digitalization efforts [9]. Future Plans - The city aims to implement the "6313" action plan to further enhance the steel industry's competitiveness and expand into high-performance metal materials and downstream applications [12].