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Baosteel adjusts capacity target to over 80 million mt for 2026-30-Metal Exhibition-Steel Exhibition-2026 China&nbs
p;(Guangzhou) International Metal & Metallurgy Industry Exhibition
11/4/2025 金属展-冶金展-钢铁展-steel expo-metal & metallurgy expo |
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Major Chinese steelmaker Baosteel has announced that it has adjusted its steel capacity target from 80-100milion mt to over 80 milion mt for the 15th Five-Year Plan period (2026-30). According to the company, ratherthan blindly chasing expansion of capacity, it will focus on unlocking the value of existing resources through
synergies.In addition, while the company has aimed to export 6.0 milion mt of finished steel in the current year, its exportvolume has risen by over 10 percent in the January-September period this year, and so its steel exports willlikely exceed 6.5 million mt in 2025.
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