The Ministry of Industry and Information Technology, together with other relevant agencies, has released the “Work Plan for Stabilizing Growth in the Steel Industry 2025–2026,” aiming to secure both growth and sustainability targets for the sector.
Under the plan, the added value of the steel industry is targeted to increase by an average of around 4% annually during 2025–2026. One of the most critical steps toward achieving this goal will be a complete ban on the addition of new production capacity. At the same time, steel companies will be encouraged to use their existing capacity more efficiently and required to phase out outdated equipment quickly.
Officials emphasize that these measures are intended to prevent overcapacity in China’s vast steel sector, ensure market balance, and accelerate the transition to low-carbon, sustainable production.
As the world’s largest steel producer, China is closely watched in global markets, particularly for its policies aimed at reducing carbon emissions. The new plan is expected to strengthen stability in the domestic market while reshaping the competitiveness of Chinese steel on the international stage.
Source: Bloomberg
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