G20 Hangzhou Summit on cooperation for the first time to deal with excess capacity to reach a consensus, once again raised concerns about overcapacity in the steel industry and trade situation.

With the post crisis global economy into a deep adjustment period, originated in the beginning of the new century for the world steel industry transfer into the key sensitive stage.

China steel as the most important emerging country, in recent years, the domestic steel industry faces overcapacity and the transformation and upgrading of the challenge, the external situation also appears, exports increased trade friction and pressure rise international dialogue and a series of new changes.

In this paper, China steel development and a new round of world steel industry transfer as the background, to the global steel trade dependence rise pushing steel trade balance again as the observation angle of view, discuss the evolution of incentives and policy in recent years Chinese steel external environment meaning.

The preliminary view is that in recent years China iron and steel industry faces various internal and external disturbance situation and contemporary reflection of the global steel industry transfer under the background of the rise of the steel Chinese historic opportunity is China steel from scale expansion to enhance the necessary adjustment process of transformation. 

China need to adjust its external policy in the light of its general trend of iron and steel, actively participate in the G20 including different levels of international iron and steel dialogue to coordinate relationship between the steel superpower and pragmatic management, and actively expand the incremental stock adjustment in steel exports.

More attention through the promotion of "The Belt and Road construction cooperation with other developing countries to explore development opportunities to expand the international steel trade potential transfer, boosting the contemporary world steel industry in general stable open external environment more smoothly unfold.