China’s Ministry of Industry and Information Technology has unveiled a two-year plan to stabilize growth in the steel sector while curbing overcapacity. The blueprint sets a target of 4% annual value-added growth and includes strict prohibitions on expanding production capacity. Policy tools will focus on capacity controls, differentiated management, and directing resources toward leading firms.The plan highlights the importance of balancing supply and demand through output adjustments and industrial upgrades. It also prioritizes modernization and low-carbon development, with outdated facilities such as blast furnaces and converters to be phased out. By 2025, more than 80% of steelmaking capacity must comply with ultra-low emissions standards. -China’s steel plan signals tighter supply discipline, supporting margins for major producers while accelerating green investment. Strict emissions standards may raise costs in the near term, but consolidation and capacity controls aim to stabilize growth and reduce overcapacity. This article was written by Eamonn Sheridan at investinglive.com. Source: investinglive.com (Read Full Article)

Reserve Bank of Australia Governor Bullock is speaking from Australia’s parliament. She has been at it for hours, but the TL;DR is ‘data dependent’. Earlier:Reserve Bank of Australia Governor Bullock says tightness remains in labour marketMore from RBA Gov. Bullock: In a very good position on inflationAUD is barely moving.More again from Bullock:Jobs data are volatile, employment growth has slowed, but unemployment steadyJobs market in line with our forecastsClose to full employment, slightly on tight sideMore confident that Inflation will stay in bandRecent Chinese economic data have not been so greatSeeing consumption picking up, the risk is that it undershoots This article was written by Eamonn Sheridan at investinglive.com. Source: investinglive.com (Read Full Article)