China unveils two-year plan to stabilize growth in steel industry
2025-09-23 14:56:27 [Print]
Five Chinese government departments, including the Ministry of Industry and Information Technology, have jointly released a two-year plan to keep China's steel industry on a steady growth path. The 2025-2026 Action Plan for Stabilizing Growth in the Steel Industry sets a target of about 4% average annual growth in added value while aiming to boost profitability, balance supply and demand, upgrade industrial structure, and promote greener and more digital development.
The plan outlines key measures to drive both qualitative improvements and sustainable quantitative growth. On the supply side, it calls for tighter control of capacity and output, better management of steelmakers, stronger industry oversight, improved supply of high-end products, higher quality standards for bulk steel, and stable raw material supplies.
On the demand side, it encourages deeper cooperation in key sectors, wider use of steel in major applications, and the creation of supply chain service platforms to support market stability and unleash consumption potential.
The plan also highlights upgrades in production technology and equipment, faster digital transformation, greener low-carbon processes, and stronger management of steel exports to sharpen international competitiveness.
The plan outlines key measures to drive both qualitative improvements and sustainable quantitative growth. On the supply side, it calls for tighter control of capacity and output, better management of steelmakers, stronger industry oversight, improved supply of high-end products, higher quality standards for bulk steel, and stable raw material supplies.
On the demand side, it encourages deeper cooperation in key sectors, wider use of steel in major applications, and the creation of supply chain service platforms to support market stability and unleash consumption potential.
The plan also highlights upgrades in production technology and equipment, faster digital transformation, greener low-carbon processes, and stronger management of steel exports to sharpen international competitiveness.
