China's steel industry accelerated the optimization and adjustment of product structure

11 Feb.,2025

It was learned from the China Iron and Steel Industry Association that the current speed of product structure adjustment in China's steel industry has accelerated significantly.

 

From XINHUA

 

 

It was learned from the China Iron and Steel Industry Association that the current speed of product structure adjustment in China's steel industry has accelerated significantly.

It is understood that with the optimization and upgrading of China's industrial structure, the steel demand structure has changed, the trend of construction steel demand has become an industry consensus, the steel volume of automobiles, home appliances, ships, machinery and other manufacturing industries has risen steadily, and the demand for steel in wind power, nuclear power and other new energy industries has grown rapidly.

In addition, The State Council issued the "Promote large-scale equipment renewal and consumer goods to replace the old for new action Plan" for the manufacturing industry, energy industry and other steel demand to bring new opportunities, according to estimates, large-scale equipment renewal can drive high-end industrial steel consumption increase of about 8 million tons.