CISA: Effectively close the entrance for new steel production capacity

On March 22, Jiang Wei, Deputy Secretary of the Party Committee, Vice President, and Secretary General of the China Iron and Steel Association (CISA), stated at the 2025 High Quality Development Conference of Iron and Steel that the current key challenge facing the sector is the imbalance between supply and demand. In response, Jiang offered the following recommendations:

1. Effectively close the entry point to new steel production capacity, smooth the exit channel for outdated production capacity, and establish a new mechanism for capacity management. 2. Steel enterprises should adhere to technological innovation and increase product added value through technological innovation and differentiated competition. 3. Accelerate the green and