China's decarbonization drive to boost high-grade steel demand this year: 2023 preview

China’s demand for high-strength steel will increase gradually in 2023, even as it chases its ambitions for a 2025 carbon peak and carbon neutrality in 2030 – unlike common steel, the demand for which is expected to continue declining, steel market participants told Fastmarkets.

Renewable energy to drive steel demand

Surging investments in renewable energy projects in China are sending a bullish signal to the country’s steel sector, especially regarding the high-strength and high-durability...


Jessica Zong

Tianran Zhao

Zihuan Pan

January 10, 2023

15:18 GMT