China pledges to control steel output during 2026-2030 period
me-metals: China on Friday said it will continue to regulate crude steel output and prohibit the addition of illegal new capacity from 2026 to 2030.
According to me-metals cited by mining.com, In 2021, the world’s largest steel producer and consumer put an end to growth in crude steel output as part of a plan to limit carbon emissions.
The mandated output control also came as domestic steel consumption was hit by a protracted property market downturn, which left the industry plagued with overcapacity.
In the first 11 months of 2025, China’s crude steel output fell 4% from a year earlier, keeping the annual total on track to fall below 1 billion tons, the first time in six years.
“The raw materials industry including steel is currently facing the problem of an insufficient supply-demand balance,” said the National Development and Reform Commission, the state planner, in a statement.
“The raw material industry needs to deepen supply-side reform during the Fifteenth Five-Year Plan (2026-2030) … survival of the fittest is promoted,” it added.
Since 2023, China’s steel exports have been robust, partly offsetting falling demand at home. But they have sparked a protectionist backlash worldwide with trade barriers being enforced by a growing number of countries that say China’s cheap products damage local manufacturers.
On December 12, Beijing unveiled a plan to roll out a licensing system from 2026 to regulate exports of some 300 steel-related items.
source: mining.com
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