Luo Tiejun, vice president of China Iron and Steel Industry Association, introduced the main content of the “cornerstone plan” in detail. He said that the “cornerstone plan” proposed to use 2-3 “five-year plans” to effectively change the source composition of China’s iron resources and fundamentally solve the problem of resource shortage in the iron and steel industry chain. First of all, strive to achieve a goal: by 2025, China’s mineral resources, scrap steel consumption and overseas equity mines will reach 370 million tons, 300 million tons and 220 million tons respectively, an increase of 100 million tons, 70 million tons and 100 million tons respectively over 2020.