Five Authorities Issue the Work Plan for Stabilizing Growth in the Steel Industry (2025-2026)

Recently, the Ministry of Industry and Information Technology (MIIT) and four other authorities have issued the Work Plan for Stabilizing Growth in the Steel Industry (2025–2026) (the "Plan").

The Plan sets out ten initiatives across five areas. First, strengthening industry management: implementing precise regulation and control of production capacity and output, advancing graded and classification management of steel enterprises, and promoting dynamic supply–demand balance and market-based elimination of outdated capacity. Second, enhancing technological innovation in the industry: improving the supply capacity of high-end products, promoting quality upgrades of bulk products, stabilizing raw material supply, and enhancing effective supply capability. Third, expanding effective investment: promoting upgrades and transformation of production processes and equipment, accelerating digital transformation, advancing green and low-carbon development, and facilitating industrial transformation and upgrading. Fourth, stimulating demands for application of steel: deepening upstream–downstream cooperation between the steel industry and key steel-using sectors such as shipbuilding, actively promoting the use of steel structures in housing, public buildings, and small- and medium-span bridges, and unleash consumption potential. Fifth, strengthening export management of steel products: maintain fair order in steel exports, optimizing the product structure of steel exports, conducting international trade of steel products in accordance with laws and regulations, and guiding steel products, equipment, technologies, and services to "go global" in a coordinated manner to enhance the level of international development.



(Source: https://www.miit.gov.cn/jgsj/ycls/wjfb/art/2025/art_854c86c1f4484bcfa78a6b634a7fb5b1.html)

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