During the period of Twelfth Five-Year Plan, China's government will advocate and encourage the development of high-performance steel products through tax exemption and subsidy improvement etc. it is reported that this program costing billions of RMB will be financed by government and enterprises. This will bring lots of benefits to the steel industry.
Experts said that the high performance steel includes high-quality steel, alloy steel, low alloy steel and stainless steel etc. As well as known to all, steel industry is a high emission and energy-guzzling sector, thus the development of the high value-added steel products is of paramount importance to break up the bottlenecks.
Generally speaking, the steel can be divided into 22 categories and each of them involves in high performance steel products. And the utilization rate of the high performance steel products in China is far behind the developed countries. Thereby the space for high performance product is still enormous because it can supersede the traditional steel products such as rebar, HR strip steel and HR silicon steel etc.