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Chinese steel and raw materials industry’s handbook for the 14th five-year plan

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22 April 2022

Chinese steel and raw materials industry’s handbook for the 14th five-year plan

Report summary

Earlier this year, China announced its development plan targets for the raw materials industry during the 14th five-year plan (2021-2025). Its theme revolves around high-quality development, deepening supply-side structural reforms and raw materials security. While the agenda remains the same as last year’s plan, most of the targets are scaled back – reflecting the government’s concerns about growth, employment and power availability. Despite the scaleback, we believe it will be challenging for China to achieve these goals by 2025. In this insight, we detail the steel and raw materials industry targets under the 14th five-year plan. We also elaborate our views on the achievability of these targets and what efforts are required to meet the same.

Table of contents

Tables and charts

This report includes 12 images and tables including:

  • Key targets of the 14th five-year plan
  • Capacity additions (Mt)
  • Steelmaking costs (US$/t)
  • Key EAF capacity additions (Mt)
  • Share of scrap in total metallics (%)
  • Scrap demand-supply balance
  • Spread between scrap and rebar prices (US$/t)
  • Chinese iron ore demand sensitivity at different EAF shares
  • 2025 cost curve - CFR North China cash cost (62% Fe fines equivalent)
  • Key iron ore mining projects
  • China's outward FDI flows - Mining
  • Ownership in overseas iron ore mines

What's included

This report contains:

  • Document

    Chinese steel and raw materials industry’s handbook for the 14th five-year plan

    PDF 1.26 MB