International Steel Markets Brace for China's New Regulations

International Steel Markets Brace for China's New Regulations

Via Metal Miner It was an intervention that was the subject of rumors, and now it’s coming true. China, the world’s largest steelmaker and consumer, recently announced it would be “restructuring” its steel industry through cuts in crude steel output, a move many analysts and experts call China “protecting its own turf.”   China Steel Industry “Dumping” a Long-Term Global Problem This is the first time in recent memory that China’s National Devel…

The steel industry, which produces nearly two billion tonnes of metal each year, is one of the world's leading sources of CO2 emissions. This massive production, which is essential for sectors such as construction, automobiles and electronic equipment, is based on a polluting process that uses coke, a coal derivative that releases huge quantities [...]

China Steel Industry Slams on the Brakes: What This Means

It was an intervention that was the subject of rumors, and now it’s coming true. China, the world’s largest steelmaker and consumer, recently announced it would be “restructuring” its steel industry through cuts in crude steel output, a move many analysts and experts call China “protecting its own turf.”   Stay up to date on changes […]