Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

In his speech to a recent Cisa meeting where he was formally named in the post, Xu said China's steel industry should seek innovation-driven development, rather than investment-driven.

That means not only investment in new technology, but innovation in business models and management, he said.

Xu has been president of Baosteel since 2007.