India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
China has announced a new two-year plan for its steel industry, setting a target of 4% annual value-added growth while strictly banning any capacity expansion. The move aims to curb overproduction, strengthen supply discipline, and support the profitability of major steelmakers.
The policy focuses on modernisation and green transition, with outdated blast furnaces and converters to be phased out. By 2025, the government expects more than 80% of the country’s steel capacity to meet ultra-low emission standards.
The plan also calls for differentiated management of mills, promotion of advanced technologies, and greater support for leading producers. While analysts note that compliance costs could rise, the measures are expected to improve competitiveness, stabilise supply-demand balance, and accelerate the shift to low-carbon steelmaking.
This strategy reflects China’s broader goal of reducing industrial emissions while maintaining growth in a sector that is central to its economy and global trade influence.
Also Read : Chinese money still chasing Canadian critical mining deals despite Ottawa's scrutiny China’s steel industry PMI surges to 49.8% in May
India is considering granting incentives to encourage private companies to establish lithium process...
Ferrous 10-May-2024
The US government is reportedly contemplating measures to prevent Chinese smart car manufacturers fr...
USA 09-Feb-2024
Global Steel Output Falls 3.8% in May as Demand Slows Global crude steel production declined by 3.8...
Business 24-Jun-2025
H2 Green Steel, a Swedish steel manufacturer, has raised €4.75 billion ($5.17 billion) in new f...
Europe 23-Jan-2024
NTPC's subsidiary NGEL signed an agreement with the Andhra Pradesh government to build an integrated...
Renewables 21-Feb-2024
Private steel major Tata Steel on Wednesday said it will jointly work with South Eastern Railway (SE...
Large Corporate 07-Feb-2024