On October 10, 2024, facing the dual pressure of overcapacity in steel production and declining market demand, steel companies are actively seeking new development paths. Recently, steel companies such as Liugang Group and Xugang Group have successfully generated standard warehouse receipts at the delivery warehouse of the Shanghai Futures Exchange, achieving a "two legged walk" for product sales of futures and spot goods. This measure not only broadens the sales channels of steel enterprises, but also helps them effectively avoid price fluctuation risks, injecting new development momentum into their transformation and upgrading.