China’s Ministry of Industry and Information Technology has unveiled a two-year plan to stabilize growth in the steel sector while curbing overcapacity. The blueprint sets a target of 4% annual value-added growth and includes strict prohibitions on expanding production capacity. Policy tools will focus on capacity controls, differentiated management, and directing resources toward leading firms.
The plan highlights the importance of balancing supply and demand through output adjustments and industrial upgrades. It also prioritizes modernization and low-carbon development, with outdated facilities such as blast furnaces and converters to be phased out. By 2025, more than 80% of steelmaking capacity must comply with ultra-low emissions standards.
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China’s steel plan signals tighter supply discipline, supporting margins for major producers while accelerating green investment. Strict emissions standards may raise costs in the near term, but consolidation and capacity controls aim to stabilize growth and reduce overcapacity.
This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about china sets 4 steel growth goal bans capacity expansion and pushes green upgrade was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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