On March 13th, the Outline of the 15th Five Year Plan for National Economic and Social Development of the People's Republic of China was officially released. Please refer to the article "National Development and Reform Commission: Orderly Reduction of Steel Production Capacity by 2026" for details. Mysteel: Looking at the Development Direction of the Steel Industry in the Next Five Years from the Outline of the 15th Five Year Plan "Details>>Professional Analysis. The intensive release of policy signals has conveyed a strong policy intention of the country to stabilize the market and expectations.

Affected by this, the price of rebar has shown steady performance, with a slight upward trend. The price of scrap steel has also fluctuated and risen nationwide. Looking ahead to the future, whether the price of scrap steel can continue to receive support depends crucially on the implementation of policies in key areas of the 15th Five Year Plan, especially in terms of steel supply, steel demand, green and low-carbon transformation, resource security guarantee, and digital empowerment. If the above measures can effectively boost the demand for steel, it is expected to have a medium - to long-term positive impact on scrap steel prices.