利好来了！刚刚，重磅发布！

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]. Summary by Sections Policy Framework - The "Steel Industry Stabilization and 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 "stabilizing growth and preventing internal competition," outlining a clear implementation path for the steel industry [2]. Key Measures - The plan includes 10 specific measures across five areas, focusing on governance, supply optimization, transformation promotion, consumption expansion, and cooperation enhancement [2][3]. - It advocates for precise control of production capacity and output, with a push for differentiated support for low-carbon steel production methods [2][3]. Industry Management - Steel enterprises will undergo graded management based on compliance, with a focus on 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 partners, and research institutions [3][4]. Investment and Upgrading - The plan promotes the modernization of equipment and processes, including the replacement of outdated facilities and the adoption of advanced technologies [4][5]. - Digital transformation is highlighted as a key area, with initiatives to assess and enhance the digital capabilities of the steel industry [4]. Environmental Goals - By the end of 2025, over 80% of steel production capacity is expected to complete ultra-low emission transformations [5]. - The plan underscores the importance of eliminating outdated production equipment to meet environmental standards [5]. Support and Monitoring - The plan outlines three areas of support: organizational collaboration, policy backing, and operational monitoring to ensure the effective implementation of the proposed measures [6]. - Market dynamics are expected to improve, with a gradual recovery in steel demand and a reduction in inventory levels [6]. Long-term Outlook - The steel industry is anticipated to experience increased concentration and a shift towards high-quality development, benefiting companies with advantageous product structures and cost efficiencies [6]. - The industry is positioned to enter a performance cycle focused on profitability, driven by stricter production limits and enhanced competitive advantages for leading firms [6].