On March 28, the "Cement Economy 50 People Forum" hosted by China Cement Network was successfully held in Hangzhou. The theme of the forum was: Understanding the Changing Situation, Solving the Difficult Situation and Seeking Development. Zhang Zonghui, secretary and chairman of the Party Committee of
Shandong Quanxing Energy Group Co., Ltd., said that the current sharp decline in cement market demand has had a serious impact on the industry. Under the pressure of oversupply, in order to seize market share, some enterprises do not hesitate to adopt unfair competition means such as selling below cost price, which leads to a substantial reduction in the overall profit margin of the industry and serious damage to the normal market order.
Zhang Zonghui stressed that this kind of disorderly competition is not conducive to the healthy and sustainable development of the cement industry, but is more likely to trigger a vicious circle and damage the interests of the entire industrial chain. He suggested that in the face of such market chaos, market supervision departments should act actively and decisively to crack down on all kinds of unfair competition in order to maintain a fair, just and orderly market environment.
