["14th Five-Year Plan" Period Sees China's Steel Production Cut by Over 100 Million mt]

Published: Feb 2, 2026 10:02

Save

During the "14th Five-Year Plan" period, the steel industry continued to deepen supply-side structural reforms, persistently advanced capacity governance, and achieved a cumulative reduction in production exceeding 100 million mt. Recently, at the 13th Member Congress of the China Iron and Steel Association (CISA), CISA Chairman Zhao Minge made the above statement. He pointed out that during the "15th Five-Year Plan" period, the industry's capacity governance efforts will focus on "controlling increments, optimizing stock, promoting mergers and reorganizations, and facilitating exits," adhering to market-oriented and rule-of-law principles, strictly blocking new capacity additions, smoothing exit channels for outdated capacity......

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

4 mins ago

[SMM Analysis] Capacity Expansion Continues to Suppress Prices, Non-oriented Struggles to Shake Off Downturn Shadow

Semi-Annual Review and Outlook: Capacity Expansion Continues to Suppress Prices, Non-oriented Struggles to Shake Off Downturn Shadow

4 mins ago

14 mins ago

HRC Inventory for the Second Week of June 2026

This week, social HRC inventory stood at 2.7111 million mt, down 46,300 mt from the previous week, down 1.68% WoW, up 40.52% YoY, and up 36.71% YoY based on the lunar calendar. This week, HRC mill inventory stood at 974,800 mt, up 17,000 mt from the previous week, up 1.85% WoW, down 6.15% YoY, and down 5.42% YoY based on the lunar calendar. This week, total HRC inventory stood at 3.6859 million mt, down 28,600 mt from the previous week, down 0.77% WoW, up 24.19% YoY, and up 22.30% YoY based on the lunar calendar.

14 mins ago

38 mins ago

[SMM Chromium Daily Review] Market in the doldrums, transactions remain sluggish.

[SMM Chrome Daily: Market in the Doldrums, Transactions Remain Sluggish] June 11, 2026: The ferrochrome and chrome ore markets fluctuated slightly...

38 mins ago