The steel industry's target for the next two years is set: an average annual growth rate of 4%, and new production capacity is strictly prohibited

Golden Ten Futures, September 22, today, the Ministry of Industry and Information Technology and other departments jointly issued the "Work Plan for Steady Growth of the Steel Industry (2025-2026) ", which makes it clear that the average annual growth target of the added value of the steel industry in the next two years is set at about 4%. The "Work Plan" proposes to implement precise regulation of production capacity and production, promote the hierarchical and classified management of iron and steel enterprises, strictly prohibit new production capacity, guide resource elements to gather in advantageous enterprises, and promote the survival of the fittest through output regulation to achieve a dynamic balance between supply and demand. Experts said that the "equipment update" and "low-carbon transformation" established by the new plan have become the two core topics of future competition. According to the plan, iron and steel enterprises must accelerate the elimination of outdated equipment, especially old blast furnaces, converters and other restricted production equipment. At the same time, the plan clearly requires that by the end of 2025, more than 80% of the steel production capacity will have completed ultra-low emission transformation.