The paper has summarized the meaning of technology progress, applied the production function theory and the mature model about quantitatively calculating the effection of technology progress acting on economy increasing, to calculate and analyses quantitatively the contribution rate of technology progress in the course of iron and steel industry development in our country. By means of this, it has also looked for the basic cause of our industry falling behind the iron and steel powerful iron and steel countries in the world. The paper has described the ultimate way of building our country from big iron and steel country to powerful iron and steel country. The propose and suggestions of accelerating technology progress were proposed in this paper. |