International Steel Prices
June 13, 2021
CRU: China Set to Reduce Steel Output in 2021 H2
Written by CRU Americas
By CRU Senior Analyst Richard Lu, from CRU’s Steel Sheet Products Monitor
In September 2020, President Xi Jinping formally announced that China will aim to achieve a peak in carbon emissions before 2030, followed by carbon neutrality before 2060. As part of the decarbonization efforts, the Chinese government at the start of the year announced its intention to start reducing steel production in 2021.
