The authorities in Shanghai issued the 14th five-year plan for the high-end equipment manufacturing industry on December 20.
Accordingly, Shanghai will focus on eight fields, including intelligent manufacturing equipment, aerospace equipment, civil ships and marine equipment, high-end energy equipment, energy saving and environmental protection equipment, high-end medical equipment, micro-electronic equipment and other high-end equipment, for instance, rail transit and construction machinery, etc.
The development of these eight key fields will boost the demand for high-end steel.