China’s 2024 'Blue Sky War' to add uncertainty to iron and steel markets - Fastmarkets
China’s State Council has set a two-year action plan for cleaner air, and the comprehensive strategy to improve air quality will affect all key economic sectors. China’s State Council has set a two-year action plan for cleaner air, and the comprehensive strategy to improve air quality will affect all key economic sectors.
The new guidance also continues to forbid new steelmaking capacity, encourages reducing independent coke plants, pellet plants, sintering plant and supports the transformation from blast furnace (BF) steelmaking to electric-arc furnace (EAF) steelmaking. By 2025, the country aims to increase the ratio of EAFs to blast furnaces to 15%."
Merry christmas and a happy new year to all. 2024-2025 will be our year. Bring it.
Understanding the demand for Green Steel, page-506
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