China’s Ministry of Industry and Information Technology (MIIT), together with four other government bodies, has released a two-year work plan (2025-2026) aimed at stabilizing steel industry growth while tackling overcapacity.
The plan targets average annual value-added output growth of around 4pct, improved market balance, and a more optimized industrial structure.
Key measures include phasing out inefficient production, supporting competitive enterprises, and boosting technological innovation to increase high-end product supply and upgrade bulk materials.
The plan also calls for greater investment in digital transformation and green transition, expanded use of steel structures in construction and infrastructure, and deeper international cooperation to strengthen the sector’s competitiveness.
