Event Details: Date: 2025.4.18 Venue: Xinjiang, China As a strategic location for the development of circular economy in Northwest China, Xinjiang's scrap steel industry is facing major development opportunities and a window of transformation and upgrading. Mysteel data shows that Xinjiang's scrap steel resource reserves account for more than 40% of the total reserves of the five northwestern provinces and regions, and it is the core raw material base for the green transformation of the Northwest steel industry. According to the autonomous region's "14th Five-Year Plan" circular economy development plan, the scrap steel industry support policy continues to increase, and regional market demand will usher in significant growth. The current industry development still faces multiple challenges: insufficient industrial standardization restricts the efficient use of resources, limited financing channels for recycling companies delay the intensive development process, high cross-provincial transportation costs exacerbate regional supply and demand contradictions, and disorderly market competition urgently needs to be regulated.
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