Five departments: Implement the policy of "reverse invoicing" for the recycling of scrap steel, promote the standardized and healthy development of the scrap steel recycling industry.

The Ministry of Industry and Information Technology, the Ministry of Natural Resources, the Ministry of Ecology and Environment, the Ministry of Commerce, and the State Administration for Market Regulation have issued a notification on the "Work Plan for Stabilizing Growth in the Steel Industry". It mentions strengthening policy support. Policies such as special refinancing for technological innovation and technical transformation, long-term special national bonds, etc., will be utilized to support the steel industry in pollution reduction, carbon reduction, synergistic efficiency improvement transformation, digital transformation, and comprehensive utilization of resources. Implementing the "reverse invoicing" policy for the recycling of scrap steel and promoting the standardized and healthy development of the scrap steel recycling industry. Guiding financial institutions to provide high-quality financial services to steel companies based on market-oriented, legal, supportive, and controlling principles, and applying various financial instruments comprehensively according to the characteristics of the steel industry. Increasing efforts in talent development, cultivating a group of high-end composite talents around the research and development innovation of new materials, new processes, and digital transformation needs.