Luo Bingsheng, president of the China Iron and Steel Association (CISA), recently announced the CISA's main guidelines in relation to the development of the Chinese domestic steel industry in the country's 12th five-year plan period (2011-15).
Mr Luo said, during the 12th five-year plan period, the Chinese steel industry should follow the following principles for its development: acceleration of restructuring of the industry and of industrial upgrading; increased support for merger and acquisition programs; and acceleration of the elimination of outdated production capacities as well as measures for saving energy and reducing emissions.