Commodities 2023: China likely to tone down domestic steel capacity, targets ASEAN nations
January 3, 2023 Comments Off
China would aim to contain its steel production growth in 2023 and focus more on environmental-friendly capacity swaps, but it remains keen on making capacity investments in ASEAN countries to keep its behemoth steel industry running, information gathered from sources by S&P Global Commodity Insights show. In 2022, China commissioned about 30 million mt/year of new blast furnaces and 25…
Commodities 2023: China likely to tone down domestic steel capacity, targets ASEAN nations
China would aim to contain its steel production growth in 2023 and focus more on environmental-friendly capacity swaps, but it remains keen on making capacity investments in ASEAN countries to keep its behemoth steel industry running, information gathered from sources by S&P Global Commodity Insights show. In 2022, China commissioned about 30 million mt/year of new blast furnaces and 25…
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