Tag: electric furnace share China

Steel capacity swap policy, carbon market development to drive EAF steel production in China

Oct 23, 2026

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by

Adarsh Ramteke

in Melting Scrap

Scrap consumption declines 4% y-o-y in Jan-Aug’26 on lower steel output Including EAF-based steelmaking in China’s carbon market key to boost sector Data Deep Dive: China produced around 651 mnt of crude steel in 8MCY26, of which around 582 mnt came through the BF route and 69 mnt through electric furnace (EF) production. This translates…