Tata Steel upgraded to Buy; Anand Rathi sees 24% upside Tata Steel jumps 3.13%, hits fresh intraday high JFE buys 25% in Kalinga Steel for ₹7,875 crore Europe steel market struggles for direction
China’s steel industry is heading toward a major green transformation, with cleaner production methods expected to cut sector emissions by 37% from peak levels by 2035. A faster shift toward electric arc furnace (EAF) steelmaking could reduce dependence on carbon-heavy blast furnace production, while also improving profitability and long-term sustainability.
The move comes as China’s steel output and domestic demand continue to soften, pushing producers to rethink strategy in a more competitive global market. Higher green steel output could also strengthen China’s position as carbon-border rules such as the EU’s CBAM reshape international trade.
For the steel market, this transition is more than an environmental story. It signals a structural change that could influence steel prices, export competitiveness, production economics, and the future of low-carbon steel investments across Asia and beyond.
Also Read : Steel Trade Heats Up in 2024 with Global Exports on the Rise Global Steel Ingots Market 2024: China Leads, Trade Cools, Growth Modest
The PM Gati Shakti programme, has recommended permission for three road and railway infrastructure p...
Construction 25-Jan-2024
The coal ministry has set the production goal for the fiscal year 2024–2025 of 1080 million to...
Announcement 23-May-2024
✅ SAIL to increase Rourkela Steel Plant capacity to 9 MT by 2030.✅ ₹30,000 crore investment to upg...
Business 17-Mar-2025
Vietnam has announced temporary anti-dumping duties ranging from 19.38% to 27.83% on specific hot-ro...
China 24-Feb-2025
In a significant step towards strengthening India’s renewable energy transition, the steel and...
India 16-Sep-2025
According to International Credit Ratings Agency Fitch Ratings, once construction activities pick up...
Ferrous 14-May-2024