NDRC Accelerates Elimination of Outdated Capacity in Steel and Other Industries

Published: May 21, 2025 08:54

Save

[National Development and Reform Commission (NDRC): Accelerate the Elimination of Outdated and Inefficient Capacity in Industries Such as Steel] On May 20, the NDRC held a press conference for May. Li Chao, Deputy Director of the Policy Research Office of the NDRC and spokesperson for the Commission, stated that the NDRC, in response to the crux of cut-throat competition issues, has implemented industry-specific measures to address the root causes, resolve structural imbalances in key industries, and promote the healthy development and upgrading of industries.

Specifically, firstly, it adheres to innovation-led development, accelerates industrial transformation and upgrading, strengthens the dominant position of enterprises in scientific and technological innovation, supports enterprises in improving product quality and core competitiveness through scientific and technological innovation, increases the supply of high-end capacity and high-quality products, continuously explores diversified markets, and enhances development resilience. Secondly, it strengthens local binding constraints and eliminates local protectionism and market segmentation. Thirdly, it optimizes industrial layout and curbs the expansion of outdated capacity. Fourthly, it strengthens market supervision and takes strong measures to rectify market chaos characterized by poor quality and low prices.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

11 hours ago

[SMM Steel] Tata Steel to merge NINL; plans $2 billion investment in Singapore subsidiary

[SMM Steel] Tata Steel Limited announced on March 18, 2026, the merger of its wholly-owned subsidiary, Nilachal Ispat Nigam Limited (NINL), to consolidate its long products business. The merger aims to enhance management efficiency and accelerate capacity expansion at the Odisha mill from 0.98 million mt to 4.8 million mt. Additionally, the board approved a $2 billion investment in its Singapore-based subsidiary, T Steel Holdings Pte Ltd (TSHP), starting in FY 2026-27 to support overseas operations, fund capex, and restructure existing debts.

11 hours ago

12 hours ago

MMi Daily Iron Ore Report (March 18)

Today， DCE iron ore futures were in the doldrums today. The most-traded contract, I2605, finally closed at 811 yuan/mt, down 0.12% from the previous trading session. Spot prices fell by about 2-5 yuan from the previous trading day.

12 hours ago

13 hours ago

[Brief Review of China’s Iron Ore Market] Resource Supply in West Liaoning Was Tight, and Local Ore Prices Might Rise Slightly

[China Iron Ore Brief Review: Tight Resources in West Liaoning, Local Ore Prices May Edge Up Slightly] The domestic ore market in west Liaoning was relatively stable, with the ex-factory prices of 66-grade iron ore concentrates, wet basis and excluding tax, at 730-740 yuan/mt. Supply and demand were clearly in a wait-and-see mode. Beneficiation plants, considering the relatively small inventory pressure, temporarily held back from selling. Against this backdrop, traders were not highly motivated to make inquiries, and only a few made price inquiries based on their own needs. Affected by safety and environmental protection inspections, mining was restricted, and a small number of operating beneficiation plants suspended production for maintenance due to constraints in ROM resources. Circulating spot resources remained tight, which still provided certain support for ore prices.

13 hours ago