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China’s ambitious Yarlung Zangbo mega-dam project in Tibet is set to significantly boost demand for special-grade steel, with estimates ranging from 4 to 6 million tonnes over the project’s life cycle.
Designed as a series of cascading hydropower stations over a 50 km stretch, the dam will harness a dramatic 2,000-meter elevation drop. Touted as the world’s largest hydropower development, the project is valued at over $170 billion and is expected to surpass even the Three Gorges Dam in scale and energy output.
The announcement has already lifted global steel and iron ore prices, as markets anticipate a surge in demand for high-performance steel used in hydropower infrastructure, turbines, and engineering equipment.
However, industry analysts urge caution. Despite the headlines, the project’s steel consumption remains a fraction of China’s overall steel demand. Some warn of overreactions in the market and emphasize the need for realistic expectations about its broader economic impact.
Environmental concerns are also mounting. Neighboring countries India and Bangladesh have raised alarms over potential downstream effects on the Brahmaputra River, citing risks to agriculture, biodiversity, and regional water security.
While the Yarlung Zangbo project marks a milestone in renewable energy and infrastructure, it also underscores the complex balance between industrial ambition and environmental responsibility.
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