China pursues green steel, leads to fundamental rebalance

China’s steel mills’ pursuit of green steel will cause a great rebalancing of demand and supply fundamentals, especially for commodity-grade steel products with low margins but high emissions such as rebar, market participants said.

EAF more costly than BF-BOF
The main measures of producing green steel are electric-arc furnace (EAF) and hydrogen metallurgical in China, an industry analyst said.

At present, the easiest and...