OREANDA-NEWS. January 28, 2015. Working Conference of Sinosteel was held in Beijing Headquarter. The conference summed up the work of Sinosteel in 2014, analyzed the facing situation and deployed the works in 2015.

Li Jiping, Chairman of the Supervisory Board for Key Large State-Owned Enterprises, attended the meeting and delivered an important speech. President Xu Siwei did the work reports on behalf of the leadership and Party Secretary Liu Andong made the meeting summary.11 leaders from SASAC Financial Supervision and Evaluation Board, Work Bureau of Supervisors Board and the Board of Supervisors, corporation leaders, independent directors, executives and supervisors of Sinosteel Corporation Limited were present at the meeting.

On the meeting, president Xu Siwei made work reports entitled as “tackling difficulties and challenges, turning crises into opportunities to vigorously achieve Sinosteel new reform status”, comprehensively reviewed 2014 Sinosteel’s work, and deployed the focus of 2015 Sinosteel’s work. In 2015, Sinosteel will adopt comprehensive measures, internal and external integration, improve the institutional mechanisms to control operational risk, and make an inventory of stock resources to enhance  operational profitability, laying the foundation for building new Sinosteel.

Chairman Li Jiping affirmed the achievements of Sinosteel’s internal reform in an orderly way to tackle the key and difficult problems in 2014, spoke highly of cadres and workers’ spirit of unity and hard working as well as announced three demands for 2015 Sinosteel’s work. First of all, adhere to the direction of reform unwaveringly; Second, adhere to manage corporation by laws and regulations; Third, attach close attention to risk control especially for funds chain security to ensure production and operation. chairman Li believed that facing with new opportunities for the country’s deepening reform, under the guidance of new initiatives carried by company’s new leadership and with all the joint efforts of Sinosteel workers, Sinosteel will make greater achievements.

Party Secretary Liu Andong made the meeting summary. He stressed the need to soberly understand the situation and fully assess the facing difficulties and challenges; Focus on the three key issues arising from reform, namely, debt restructuring, internal reform and industrial restructuring with firm confidence; All the cadres and workers must make enormous efforts while leaders at all levels should strengthen the sense of responsibility and liability, be honest and united, strengthen the implementation and make extraordinary planning and innovation.

2015 is the year of Sinosteel to tackle difficulties and make new reforms, thus it is of great significance to do the year-round work. The meeting called on all the cadres and workers to face the challenges and forge ahead, making efforts for realizing the Sinosteel’s virtuous development path as soon as possible.