China's new five-year plan sets goals for domestic steel sector

The Recommendations of the Central Committee of the Communist Party of China (CPC) for Formulating the 15th Five-Year Plan for National Economic and Social Development was released on October 28, outlining national development priorities for 2026-2030.

Among the guidance, the plan sets out specific directions and goals for high-quality development of China's steel sector, emphasizing measures to address excessive competition, promote a green and low-carbon transition, and strengthen the industry's global competitiveness as part of building a modernized industrial system and reinforcing the foundations of