Major Chinese steel producer Baosteel announced that it has adjusted its steel production capacity target from 80-100 million tons to more than 80 million tons for the 15th Five-Year Plan period (2026-2030). According to the company, rather than blindly chasing capacity expansion, it will focus on unlocking the value of existing resources through synergies.
Furthermore, while the company is targeting 6.0 million tonnes of finished steel exports this year, its export volume increased by more than 10 percent between January and September this year, and therefore its steel exports are likely to exceed 6.5 million tonnes in the current year. 2025.
