Will China's stricter steel capacity swap rules reshape the industry? Mysteel explains

China's latest move to tighten steel capacity swap rules serves as an important policy directive aimed at reshaping the country's steel capacity structure, competitive landscape, and development pathway, Mysteel's new analysis report noted.

The revised rules, issued by the Ministry of Industry and Information Technology (MIIT) on May 18, as Mysteel Global reported, aim to promote structural upgrading of steel capacity by unifying capacity replacement ratios, tightening capacity trading, strictly curbing long-idled capacity, encouraging low-carbon transformation, and strengthening regulatory oversight. By setting a