Sunday, 19 January 2025

Focus on Baoshan Iron & Steel Co

Workers load steel products for export to a cargo ship at a port in Lianyungang, Jiangsu province, China May 27, 2020. China Daily via REUTERS/ File Photo
CoalEmissionsGreen SteelHydrogenManufacturingNews

Big steelmakers failing to make the switch to renewables, survey shows

Steel is responsible for 7% of global CO2 emissions, with coal-fired blast furnaces producing 2 tons of CO2 for each ton of output.

FILE PHOTO: Employees work on the production line at a Baowu Group steel mill in Ezhou, Hubei province, China June 21, 2023. REUTERS/Amy Lv/File Photo
AnalysisBusinessEconomyIndustryInfrastructurePoliticsTrade

Analysis: Elevated China steel exports set to persist, threaten to worsen trade friction

Chinese steelmakers are set to boost exports in 2025 amid domestic overcapacity and weak demand, raising trade tensions globally.

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