20/05/2026
🇨🇳 China tightens steel capacity replacement rules.
China’s Ministry of Industry and Information Technology (MIIT) has introduced stricter regulations aimed at controlling steel capacity expansion and improving market balance.
⚠️ New nationwide replacement ratio: 1.5:1
🏭 Cross-company capacity swaps to be phased out
🔄 Future transfers tied to mergers & acquisitions only
Another strong signal that China is continuing efforts to restructure and stabilize its steel industry.
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