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Takeaways of the "14th Five-Year Plan for Circular Economy Development" for the Steel Scrap Industry_SMM

The National Development and Reform Commission (NDRC) issued the “14th Five-Year Plan for Circular Economy Development” in July, and a resource recycling industry system will be basically established in 2025. By then, utilisation of steel scrap will reach 320 million mt. Based on the current annual consumption of steel scrap of about 230 million mt, the steel scrap market will grow by 40% within five years.


National-development , Reform-commission , Five-year-plan , Circular-economy , Steel-scrap , 14th-five-year-plan , Circular-economy-developmrnt , தேசிய-வளர்ச்சி , சீர்திருத்தம்-தரகு , ஐந்து-ஆண்டு-திட்டம் , வட்ட-பொருளாதாரம்