China’s new iron, steel capacity swap measures unlikely to curb capacity growth in 2021

摘要

Singapore—China’s move to announce revised iron and steel capacity replacement measures May 6 is not expected to pose challenges to the country’s iron and steel capacity expansion plans in 2021 as strong margins continue to favor businesses while several projects were seen escaping the fresh measures, market sources told S&P Global Platts. As part of the measures, China is looking to target reduction of iron and steel capacity, accelerate steel industry consolidation, and promote the development of electric arc furnaces, and other environmentally friendly steelmaking facilities.