Steel and cement industry

The "Steel Industry Development Policy" issued by the National Development and Reform Commission in 2005 has been regarded by the industry as the first truly meaningful steel enterprise policy in China since the founding of the People's Republic of China, and has become an important cornerstone for promoting the healthy development of the steel industry. The three most prominent points of the new industrial policy are industrial planning and layout, technology industry access, and circular economy. According to industrial policies, in principle, no new steel joint ventures, independent ironworks, or steelmaking plants will be built separately, and the construction of independent rolling mills is not advocated. The addition of production capacity should be combined with the elimination of outdated production capacity, and in principle, there should be no significant expansion of steel production capacity. This is the most authoritative source for restricting new production capacity. In terms of industry access, in order to ensure the upgrading of the steel industry and achieve sustainable development, and prevent low-level redundant construction, industry policies have also set quite strict standards, such as blast furnace effective volume of 1000 cubic meters or more; This is the elimination of outdated production capacity. The industrial policy also stipulates that foreign steel companies entering must meet the requirement of producing over 10 million tons of general steel or 1 million tons of special steel annually. And it is stipulated that foreign investors cannot hold controlling stakes when cooperating with Chinese investors. All of this is to ensure the development of the steel industry and the important supporting role of China's steel industry in the country's economic development.