中钢协推动低质企业退出市场 力促钢铁产能大重组

Core Viewpoint - The China Iron and Steel Association (CISA) has completed the first draft of the revised "Implementation Measures for Capacity Replacement in the Steel Industry," suggesting the cancellation of capacity trading between different enterprises and promoting mergers and acquisitions for capacity integration [1][4]. Group 1: Policy Changes - CISA recommends eliminating capacity trading between enterprises to remove economic benefits attached to capacity indicators, allowing only substantial mergers and acquisitions for capacity integration [1][4]. - The Ministry of Industry and Information Technology (MIIT) suspended the capacity replacement policy in 2024 due to issues such as inadequate execution and supervision, and a mismatch with industry development needs [2]. Group 2: Industry Challenges - The steel industry faces challenges such as rising production costs, with the average investment for ultra-low emission transformation reaching approximately 474.35 yuan per ton, and average environmental operating costs around 218.43 yuan [2]. - Some enterprises are lagging in environmental upgrades, leading to unfair competition within the industry, as those with outdated facilities struggle to keep up with the costs of compliance [3]. Group 3: Market Dynamics - CISA aims to encourage strong enterprises to grow while gradually pushing out those lacking market competitiveness, thereby increasing industry concentration [1][4]. - The association emphasizes the need for a new capacity and output regulation mechanism that aligns with market principles to address the issue of "bad money driving out good" in the industry [3].