Core Viewpoint - The Ministry of Industry and Information Technology, along with other departments, has issued the "Steel Industry Stabilization Growth Work Plan (2025-2026)", aiming for an average annual growth of around 4% in the steel industry's added value, with a focus on optimizing industrial structure and enhancing green, low-carbon, and digital development levels [1][2]. Group 1: Key Measures - The plan outlines five key measures: strengthening industry management, enhancing technological innovation, expanding effective investment, broadening market demand, and deepening open cooperation [2]. - Industry management will be improved through capacity reduction and replacement, production control, and classification management to promote supply-demand balance and phase out inefficient capacity [2][3]. - Technological innovation will focus on enhancing high-end product supply capabilities and improving the quality of bulk products while ensuring stable raw material supply [2][3]. Group 2: Specific Initiatives - The plan emphasizes precise control of capacity and production, revising capacity replacement methods, and supporting low-carbon iron-making processes [3]. - It aims to promote quality upgrades in bulk products, particularly in key steel-consuming industries such as automotive and machinery, while establishing green low-carbon product standards [3][4]. - To stabilize raw material supply, the plan encourages the commencement of key domestic iron ore projects and supports long-term agreements between steel and coking coal enterprises [4].