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Chang Guowu, deputy director of the Department of Raw Materials Industry of the Ministry of Industry and Information Technology of China, said on the 29th that during the "14th Five-Year Plan" period, we will continue to consolidate the achievements of the iron and steel industry to reduce capacity, prohibit new capacity, and improve the long-term mechanism
At present, China's annual steel production has exceeded 1 billion tons, accounting for more than half of global production
However, the crisis of steel overcapacity has always existed in the world
Chang Guowu stated at the press conference of the "Fourteenth Five-Year" Raw Material Industry Development Plan held on the same day that it is strictly forbidden to build new steel smelting capacity expansion projects during the "14th Five-Year Plan" period, and not to increase steel production capacity in the name of machining, casting, ferroalloy, etc.
Chang Guowu said that leading companies are encouraged to implement mergers and reorganizations to create a number of world-class super-large steel enterprise groups
In terms of the green and low-carbon transformation of the steel industry, support the establishment of a low-carbon metallurgical innovation alliance, support the establishment of a carbon control and monitoring system for the entire process of steel production, and promote market-based trading of carbon emission rights
