Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Beijing, September 22 (Xinhua) — China has published a plan to support the stable development, structural optimization, and modernization of the country's steel industry. The Ministry of Industry and Information Technology announced this on Monday.
The plan stipulates that China's steel industry should strive for an average annual value-added growth of 4 percent between 2025 and 2026, supported by improved economic performance, a more balanced market supply and demand, and a more optimized production structure. It was jointly issued by the aforementioned ministry and four other government agencies.
The document adds that it is necessary to strengthen the management of the steel industry to gradually phase out outdated and inefficient production capacities, support competitive enterprises, and promote balanced market development.
In addition, technological innovation in the steel industry needs to be strengthened to increase the supply of high-quality products and stabilize the supply of raw materials and fuel.
The plan notes the need to increase effective investment in the steel industry to accelerate technological modernization, digital transformation, and the transition to a green economy.
The use of steel structures in construction, transport and infrastructure should be expanded as part of efforts to unlock consumer potential.
The work plan also emphasizes the importance of deepening openness and cooperation in the steel sector. -0-
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