Guangdong Provincial People's Government: Strengthen the regulation of steel production capacity

Golden Ten Futures, December 23rd, the Guangdong Provincial People's Government on the issuance of the "Guangdong Province 2024-2025 Energy Saving and Carbon Reduction Action Plan" notice. It is mentioned that the steel production capacity and output control should be strengthened. Strictly implement the replacement of steel production capacity, and it is strictly forbidden to add steel production capacity in the name of machining, casting, ferroalloys, etc., to strictly prevent the resurgence of "strip steel" production capacity. Continue to implement crude steel production control in 2024. Strengthen the equipment sorting and arrangement of electric furnace steelmaking enterprises, and limit and eliminate backward production capacity in accordance with laws and regulations. Areas with lagging progress in the completion of energy saving and carbon reduction indicators in the first three years of the "14th Five-Year Plan" shall not add steel production capacity in principle in the two years after the "14th Five-Year Plan". New and expanded steel smelting projects must meet the energy efficiency benchmark level and the