2018 was the starting year of comprehensive green and low-carbon transformation for China’s steel industry. The state officially issued the Three-Year Action Plan for Winning the Blue Sky Defense War, raising the environmental governance requirements for the steel industry to the highest historical level. Steel industry was listed as the core rectification industry for air […]
2017 became the first full profit year for China’s steel industry after years of industrial downturn. The national steel de-capacity task was successfully completed one year ahead of schedule. In this single year, China eliminated more than 50 million tons of high-pollution, low-efficiency backward steel capacity, far exceeding the annual scheduled target. The thorough clearance
2016 marks the official turning point of China’s steel industry from recession to standardized development. In response to the long-standing problems of severe overcapacity, vicious low-price competition, scattered backward production capacity and continuous industry-wide losses, the Chinese government officially launched the national supply-side structural reform targeting heavy industries. The state issued clear and rigid de-capacity
