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Core Viewpoint - The steel industry is set to benefit from a significant policy initiative aimed at stabilizing growth and promoting high-quality development, with a target of approximately 4% annual growth in value added over the next two years [1][2]. Group 1: Policy Framework - The "Steel Industry Stabilization Growth Work Plan (2025-2026)" was jointly issued by five government departments, focusing on structural adjustments and high-quality development [2][3]. - The plan emphasizes a problem-oriented and goal-oriented approach, proposing 10 specific measures across five key areas [2][3]. Group 2: Key Measures - The plan includes precise control of production capacity and output, with a focus on supporting advanced enterprises and phasing out inefficient capacity [2][3]. - It promotes the development of low-carbon steelmaking processes, such as electric arc furnaces and hydrogen metallurgy, through differentiated support for capacity replacement [2][3]. - The plan mandates that by the end of 2025, over 80% of steel production capacity must complete ultra-low emission transformations [6]. Group 3: Industry Management and Innovation - Steel enterprises will be classified and managed in tiers, encouraging resource allocation towards leading companies [3]. - The plan aims to enhance the supply of high-end products by fostering collaboration among steel companies, upstream and downstream enterprises, and research institutions [3][4]. Group 4: Investment and Digital Transformation - The plan calls for the modernization of equipment and the promotion of digital transformation within the industry, including the establishment of evaluation standards for digitalization [4][7]. - It encourages the adoption of advanced technologies and the development of intelligent manufacturing processes [4][7]. Group 5: Monitoring and Support - The plan outlines organizational, policy, and operational support measures to ensure the effective implementation of the growth strategy [7]. - Continuous monitoring and capacity warning mechanisms will be established to maintain industry stability [7]. Group 6: Market Outlook - Analysts predict a gradual recovery in steel demand as seasonal changes occur, with a potential reduction in inventory levels [7]. - The industry is expected to enter a performance cycle focused on profitability, driven by increased production restrictions and a shift towards high-quality development [7].