NDRC: Continued Regulation of Crude Steel Production and Capacity Reduction in 2025 Plan

[National Development and Reform Commission: Continued Regulation of Crude Steel Production in 2025]

The National Development and Reform Commission (NDRC) released a report on the implementation of the 2024 National Economic and Social Development Plan and the draft 2025 National Economic and Social Development Plan. In 2024, the implementation measures for capacity replacement in industries such as steel, cement, and glass are expected to be revised to promote the steady phase-out of outdated and inefficient capacity. Special actions for energy conservation and carbon reduction are expected to be implemented in key industries such as steel, refining, ammonia synthesis, cement, aluminum, data centers, and coal power, with the comprehensive energy consumption per unit product of crude steel, aluminum, cement clinker, and flat glass expected to remain at world-leading levels. Efforts to vigorously develop the circular economy are expected to continue, with opinions issued to accelerate the establishment of a waste recycling system and promote the recycling of waste steel scrap, non-ferrous metal scrap, retired power batteries, construction waste, and other waste by category.

Key tasks for 2025: Continued regulation of crude steel production and promotion of capacity reduction and restructuring in the steel industry.