Exports are the driving force behind the growth of China’s processing industry China’s manufacturing sector remains the main driver of growth in domestic steel demand, driven primarily by strong export figures against the backdrop of a prolonged downturn in the property and infrastructure sectors. Steel consumption in the manufacturing sector is expected to grow by 3.3% year-on-year this year, according to Eurometal, citing S&P Global Energy CERA. At the same time, the tightening of trade barriers and the weakening of domestic demand pose risks to this trend, as the expansion of production is unable to fully offset the decline in steel consumption in the construction sector. According to the analytical agency S&P Global Energy CERA, demand for steel from the manufacturing sector — including mechanical engineering, automotive manufactu...

By 2030, the volume of scrap collected and processed in the country is set to reach 300 million tonnes per year The Ministry of Industry and Information Technology of the People’s Republic of China (MIIT) has published its 15th five-year plan for ‘green’ and low-carbon industrial development. The main objective of the document is to ensure that carbon dioxide emissions in the industrial sector peak by 2030. This was reported by Kallanish. The steel industry, as one of the key sectors, is tasked with accelerating the phasing out of obsolete and inefficient capacity, expanding electric arc furnace (EAF) production, developing scrap supply chains, and making orderly use of high-quality recycled steel raw materials from abroad. The plan prioritises the supply of scrap and renewable electricity to electric arc furnace (EAF) plants. At the same t...

Libya’s demand for steel at the end of 2026 will be the highest it has been in the last 15 years Agreements between the opposing forces in Libya have led to a sharp rise in demand for steel in 2026. Political experts note that deep-seated differences remain between the officially recognised Government of National Unity (GNU) in Tripoli and the Government of National Stability (GNS) in Benghazi. This highlights the fragility of the ceasefire. Hostilities could resume at any moment. In that event, steel sales would revert to previous levels. Industry summary Libyan Iron & Steel Co. (LISCO) is the sole monopolist and the flagship of the Libyan steel industry. Located in Misrata, it has its own deep-water seaport. Its nominal steel production capacity is 1.7 million tonnes per year. Actual utilisation rates in recent years have been lower due to ...

India’s CBAM payments are expected to total €407 million in 2034 The introduction of the EU’s Carbon Border Adjustment Mechanism (CBAM) could cost Indian steel exporters significantly less than previously anticipated. Under a realistic scenario, India’s CBAM payments in 2034 will amount to €407 million. This is according to the findings of a study by the climate think tank Sandbag. This is reported by Euobserver. The CBAM mechanism requires importers to pay a levy on carbon emissions generated during the production of goods such as steel and cement. India, which has a powerful steel industry, has repeatedly challenged this measure at the WTO, and in 2021, together with Brazil, China and South Africa, described the CBAM as ‘discriminatory’. Under Sandbag’s baseline modelling scenario, In...