Core Viewpoint - Hebei Province is focusing on ten key steel products to enhance R&D and support the transformation of the steel industry towards high-value-added materials [1][2] Group 1: Industry Overview - Hebei is a major steel production province, reducing crude steel capacity from a peak of 320 million tons in 2011 to below 200 million tons currently [1] - The number of steel smelting enterprises has decreased from 123 in 2011 to 39, with all operating steel companies achieving A-level environmental performance [1] Group 2: Strategic Initiatives - The province aims to create competitive and influential key products as part of its strategy to upgrade the steel industry post-capacity reduction and environmental performance improvements [1] - By 2024, high-end steel products are expected to account for 22% of production, while plate and strip products will make up 72% [1] Group 3: Support Measures - Hebei will enhance support for technological innovation, market expansion, and resource allocation, encouraging collaboration between enterprises and research institutions [2] - There will be financial support for key product projects, including recommendations for national long-term special bonds and equipment renewal loans [2] - The province will support the transformation of key product divisions into independent legal entities and promote them to become national-level specialized and innovative "little giants" [2]

Core Viewpoint - Hebei Province is focusing on ten key steel products to enhance resource allocation and support innovation in the steel industry, aiming to upgrade the sector and improve added value [1][2] Group 1: Industry Overview - Hebei is a major steel production province, having reduced crude steel capacity from a peak of 320 million tons in 2011 to below 200 million tons currently [1] - The number of steel smelting enterprises has decreased from 123 in 2011 to 39, with all remaining companies achieving an environmental performance rating of A [1] Group 2: Strategic Initiatives - The province aims to transform the steel industry from raw material to material level, with high-end steel products expected to account for 22% and plate and strip products for 72% by 2024 [1] - Hebei will support technological innovation, market expansion, and strengthen resource support for key products, including collaboration with domestic and international research institutions [2] Group 3: Financial and Policy Support - The government will provide financial and tax support, encouraging key product projects to apply for national ultra-long special bonds and equipment renewal loans [2] - There is a focus on transforming key product divisions into independent legal entities and supporting them in becoming national-level specialized and innovative "little giants" and champions in specific manufacturing sectors [2]