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On March 1, the Ministry of Industry and Information Technology released the "Steel Industry Adjustment and Upgrading Plan (Year)". The plan proposes that during the 13th Five-Year Plan period, crude steel production capacity will be reduced by 100 million tons based on the existing 100 million tons, and the capacity utilization rate will be increased from % to %. Stop the construction of all investment projects to expand steel production capacity. Steel companies that have suffered losses for consecutive years, are insolvent, have no hope of turning around their losses, and rely on bank loan renewals to survive will implement an overall exit.
The plan proposes that during the 13th Five-Year Plan period, total energy consumption and total pollutant emissions will decrease by more than 30% and % respectively. The industrial concentration of steel companies will increase from the current % to %.
The plan proposes ten major tasks, including actively and steadily reducing overcapacity and deleveraging, improving the steel layout, improving independent innovation capabilities, improving the effective supply level of steel, developing intelligent manufacturing, promoting green manufacturing, promoting mergers and reorganizations, and enhancing iron ore resources. guarantee capability.
In terms of promoting mergers and reorganizations, we will further deepen the reform of mixed ownership, deepen the reform of state-owned enterprises, promote industry leading enterprises to implement cross-industry, cross-region, and cross-ownership mergers and reorganizations, and form a number of world-class first-class ultra-large steel enterprise groups .
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