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China tightens steel capacity swap rules amid industry structural adjustment

Source: Mysteel May 19, 2026 17:10
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China's Ministry of Industry and Information Technology (MIIT) issued a revised version of its steel capacity swap guidelines on May 18, introducing stricter replacement requirements, more targeted policy incentives, and stronger oversight mechanisms.
The revision comes amid evolving supply-demand conditions in China's steel sector and ongoing efforts to deepen supply-side reform, reinforce earlier steel capacity cuts, and curb disorderly competition, while supporting the sector's higher-quality development, MIIT noted.   On October 24 2025, MIIT released a draft version of the revised guidelines for public

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