A recent Kallanish research trip to India was filled with comparisons to China in an earlier phase of its development. The two countries however are very different, and their steel industries face different challenges. They have access to different raw materials, have different social structures, different global relationships, and are …

China has had a difficult year. Although the end of the year is being marked by new supportive government measures, steel demand has picked up only slightly in the traditionally strong autumn. Steel output meanwhile has declined, but not enough to balance the market. 2023 is now likely to end …

China has targeted carbon neutrality in 2060, and this is only possible with a significant shift in the steel industry. Currently, large steel companies led by Baowu Group and others are targeting neutrality in 2050, but they face a difficult road.

According to datasets published by the Carbon Emission Account …

China’s main steel-consuming sectors now have a longer road to recovery. With steel consumption unlikely to recover significantly, production cuts in H2 would be needed to support steel prices.

August was plagued by overall weaker macro-financial data and weaker-than-expected stimulus policies. The performance in the first month of the third …