The policy impact on China's steel industry
2025-03-26
The policy impact on China's steel industry

Supply side structural reform: The government will continue to implement supply side structural reform, promote the steel industry to reduce production capacity, inventory, leverage, reduce costs, and make up for shortcomings, optimize industrial structure, improve industry concentration, and enhance industrial competitiveness.

Environmental protection policy: Environmental protection policies will continue to be strengthened, strictly implementing environmental emission standards, and promoting the development of steel enterprises towards green and low-carbon direction. This will encourage steel companies to increase investment in environmental protection, improve pollution control levels, accelerate the elimination of outdated production capacity, promote industrial restructuring, and drive technological innovation and product upgrading in enterprises.

Financial policy: The government will increase credit support for steel enterprises and guide financial institutions to provide financing convenience for eligible steel enterprises. At the same time, through policies such as fiscal subsidies and tax incentives, enterprise costs can be reduced and profitability can be improved. In addition, the country will strengthen guidance and supervision on corporate mergers and acquisitions, promote industry resource integration, and optimize industrial structure.

Talent cultivation policy: The country will increase the training of professional and technical talents in the steel industry, improve the overall technical level of the industry, and provide strong guarantees for the development of the steel industry.