Today, September 22, the Ministry of Industry and Information Technology (MIIT) of China and other departments jointly published a work plan to stabilize growth in the steel industry (2025: 2026), having established the average annual performance in the steel sector over the next two years. Meanwhile, China will implement the exact regulation of production capacities and development, advanced multi -level and classified management of steel enterprises and strictly prohibit the expansion of new production capacities. Moreover, the plan clearly requires that by the end of 2025 more than 80 percent of the production capacities of the steel should be completed by ultra-nye renewals of emissions.
Experts said that the new plan will establish the “modernization of equipment” and “low-carbon transformation”, since two central topics for future competitors among steel inputs
. Expansion of scale to quality and structural optimization in the steel sector. It can also mean that large -scale steel enterprises will expand their advantages through mergers and acquisitions, reaching a higher industrial concentration. In the future, prices and supply of ordinary steel products can be stable, while the high -class steel market will be more competitive. Strict standards of emissions will probably increase production costs in the near future, but consolidation and power control will stabilize growth and reduce excessive capacity. China seeks to eliminate outdated capacities and maintain advanced capacities both with the help of market mechanisms and administrative measures, advancing to high -class, green and intellectual development of steel industry.states that China will stabilize raw materials and fuel and accelerate the launch, operation and expansion of key projects on the home iron regulations. China will support compatible mining enterprises in maintaining normal production, avoiding simple management with a single -sized approach in accordance with correction measures. China will strengthen efforts to ensure the supply and stability of prices for iron ore, coke coal and other raw materials, as well as maintaining steel enterprises in signing long -term agreements with coke manufacturers of coal and cola. In addition, China encourages the import of high -quality coal and high -class processed steel materials. In addition, it will develop integrated foundations for the collection, processing, distribution and smelting of steel scrap. “The market reaction is positive. Chinese futures on Monday increased slightly,
