{"id":79437,"date":"2025-09-22T20:16:09","date_gmt":"2025-09-22T20:16:09","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/79437\/"},"modified":"2025-09-22T20:16:09","modified_gmt":"2025-09-22T20:16:09","slug":"china-steps-up-fight-against-vicious-price-wars-with-new-steel-industry-plan","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/79437\/","title":{"rendered":"China steps up fight against vicious price wars with new steel industry plan"},"content":{"rendered":"<p>China has rolled out a new steel industry action plan that includes a basket of measures to deal with the <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3298240\/us-tariffs-chinas-steel-industry-has-far-bigger-problems?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">chronic oversupply problems<\/a> plaguing the sector, as Beijing steps up efforts to end a string of price wars raging across the economy.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The plan, which includes a strict ban on additional capacity and moves to accelerate the phase-out of outdated equipment, could become a blueprint for other industries suffering from overproduction and excessive competition, analysts said.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Released by the Ministry of Industry and Information Technology in collaboration with several other government departments on Monday, the document called for precise controls on steel capacity and output, while stressing that \u201ccoordinated efforts on both the supply and demand ends\u201d were needed to stabilise the industry.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The aim is to \u201caccelerate the transformation from old to new growth drivers, cultivate new productive forces, and further enhance the resilience and security of industrial and supply chains\u201d, according to the plan.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The steel industry should target average annual growth of about 4 per cent in value-added output over the next two years and ensure that ultra-low emission upgrades are completed on more than 80 per cent of steel production capacity by the end of this year, it added.<\/p>\n<p>Analysts said the policy could serve as a model for <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3319009\/china-urged-curb-neijuan-boosting-domestic-consumption-innovation-led-growth?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">tackling disorderly competition<\/a> across the economy. Beijing has repeatedly warned in recent months about the <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3291163\/what-neijuan-and-why-it-worrying-chinas-economic-policymakers?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">dangers posed by neijuan<\/a> \u2013 cutthroat competition that drives down prices and undermines profitability in sectors struggling with weak demand.<\/p>\n","protected":false},"excerpt":{"rendered":"China has rolled out a new steel industry action plan that includes a basket of measures to deal&hellip;\n","protected":false},"author":2,"featured_media":79438,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[1793,79,381,53394,53398,179,18,19,17,34393,13946,48341,53397,53392,53395,53393,53399,53396],"class_list":{"0":"post-79437","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-beijing","9":"tag-business","10":"tag-china","11":"tag-cinda-securities","12":"tag-citic-securities","13":"tag-economy","14":"tag-eire","15":"tag-ie","16":"tag-ireland","17":"tag-ministry-of-industry-and-information-technology","18":"tag-neijuan","19":"tag-oversupply","20":"tag-price-wars","21":"tag-steel-capacity","22":"tag-steel-industry","23":"tag-steel-industry-action-plan","24":"tag-steel-production","25":"tag-ultra-low-emission-upgrades"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/79437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=79437"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/79437\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/79438"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=79437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=79437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=79437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}