Chinese authorities announced on 22 September 2025 a Work Plan for Stabilizing Growth in the Steel Industry covering 2025 to 2026, jointly issued by the Ministry of Industry and Information Technology and four other government bodies. The plan, dated 6 August, targets average annual growth of about 4 percent in the steel industry's value-added output, with more balanced supply and demand, better economic performance and a more optimised industrial structure. It orders tighter industry management: no new conventional capacity, coordinated capacity replacement and output controls, the phase-out of backward and inefficient plants, and support for leading enterprises. It also pushes technological upgrading, including electric arc furnace steelmaking and hydrogen metallurgy, and a higher share of high-end products. The plan is Beijing's most detailed response yet to the sector's overcapacity and losses, and it signals that output, which fell 3.1 percent in the first seven months of 2025, will be managed down rather than left to the market.
Source: Xinhua — http://english.scio.gov.cn/pressroom/2025-09/22/content_118091252.html
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