5.2.1. Scientifically and Rationally Elimination of Backward Production Capacity

Scientific and reasonable methods should be used to achieve the capacity removal of China's steel industry. First, uneconomical and low value-added production capacity should be reduced. Second, illegal and irregular steel enterprises should be investigated and punished in accordance with the law. Third, industry regulations should be conscientiously implemented to eliminate backward production capacity. These regulations include "Standard Conditions for Iron and Steel Industry" (revised in 2015) and "Standardized Enterprise Management Measures for Iron and Steel Industry."
