Notice from Guangdong Provincial People's Government on issuing the 'Guangdong Province 2024-2025 Energy Saving and Carbon Reduction Action Plan'. It mentions the need to strengthen the regulation of Steel production capacity and output. Strictly implement the replacement of Steel production capacity, prohibit the increase of Steel production capacity under the guise of Machinery processing, casting, or Alloy, and rigorously prevent the resurgence of 'rebar' capacity. The regulation of crude Steel production will continue to be implemented in 2024. Strengthen the sorting and assessment of equipment in electric arc furnace Steel enterprises, and legally restrict and eliminate backward production capacity. In regions where the progress of energy-saving and carbon reduction Indicators was delayed in the first three years of the 14th Five-Year Plan, no new Steel production capacity shall be added in principle in the last two years of the 14th Five-Year Plan. Newly established and expanded Steel smelting projects must meet benchmark energy efficiency standards and Eco-friendly Concept performance levels of Grade A.