The State Council issued the “2024-2025 Energy Conservation and Carbon Reduction Action Plan”. The plan calls for strengthening the regulation of steel production capacity and production. Strictly implement the replacement of steel production capacity, strictly prohibit additional steel production capacity in the name of machining, casting, ferroalloys, etc., and strictly prevent the resurgence of “ground steel” production capacity. Crude steel production regulation will continue to be implemented in 2024. Regions that are lagging behind in completing the energy saving and carbon reduction targets for the first three years of the “14th Five-Year Plan” will in principle not be allowed to increase steel production capacity for the two years after the “14th Five-Year Plan.” New construction, renovation and expansion of steel smelting projects must meet the energy efficiency benchmark level and environmental performance grade A level.
国务院：严格落实钢铁产能置换 2024年继续实施粗钢产量调控
State Council: Strictly implement steel production capacity replacement and continue to implement crude steel production control in 2024
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.