Chongqing Iron & Steel (601005.SH) stated on the interactive platform on June 6th that starting from the second half of 2022, due to the impact of international and domestic environment, there has been a significant decline in the demand for the steel market, and the company's operating performance has significantly declined, resulting in losses in 2022 and 2023. Faced with the industry downturn, the company focuses on key words such as "on-site", "market", "innovation", and "efficiency", takes accounting management as the starting point, digs potential by reducing pig iron cost, comprehensive energy consumption per ton of steel, and operating costs, while actively developing new products, expanding new customers, and enhancing competitiveness. From January to May, 15 new product grades were launched, including hot-rolled automotive beam steel plates and strips, high-quality carbon steel coil strips for copper-clad, and automotive pickling substrates, including 11 thick plates, 4 hot coils, and a cumulative steel proportion of 26.1% for plate varieties and 45.9% for hot rolled varieties, with sales of 257,600 tons of new products; company leaders visited more than 30 regional customers in Chongqing, Guizhou, Sichuan and other areas, and had opened up 114 new users as of the end of May.