On November 10, Kobe Steel provided a fraud review report to the Japan's Ministry of Economy, Trade, and Industry. Kobe Steel said the lack of strict quality control, while focusing on profit-making, the company data is the cause of widespread fraud.

    Since the fake incident in October was exposed, Kobe Steel's stock price plunged, but also to the downstream industries have a huge impact, "Made in Japan" also suffered a serious crisis of confidence. Kobe Steel behind the data fraud is a reflection of the global overcapacity, increasing competitive pressures in the context of the lack of corporate responsibility and government regulation loopholes in a series of issues. This also brought warning and thinking to the development of China's steel industry and the entire raw material industry.

    Our country is in the process of making great efforts to build a powerful nation. The development of downstream industries to the high-end has put forward higher requirements on the performance and quality of raw material products.Iron and steel enterprises should seize the major historic opportunity China has achieved in building a powerful nation by stepping up its efforts in R & D of science and technology and provide supporting materials for key areas such as rail transit, nuclear power facilities and aerospace. With the help of key projects and key equipment, a batch of high- The high-end brand.