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.
Baosteel president Xu Lejiang has succeeded Shougang's Wang Qinghai as chairman of the China Iron & Steel Assn in 2013 and 2014.