Tag: Steel capacity swap policy and carbon market development to drive EAF steel production in China

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…