Iron ore prices extend losses on weak China steel demand Abha Power & Steel bags ₹4.92 crore railway order Global tool steel market outlook remains strong for 2026–2036 Kobe Steel explores scrap melting furnace for greener steelmaking
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.
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