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Steel overcapacity in China, says Woodmac

Carbon prices would have to double for parity

Siobhan Lismore-Scott
An electric arc furnace at US Steel's Big River Steel Works. Credit: US Steel

An electric arc furnace at US Steel's Big River Steel Works. Credit: US Steel | Credits: US Steel

The China steel sector is currently dealing with an overcapacity of more than 50Mt, a figure that is projected to rise to 250Mt over the next decade, according to a new report by Wood Mackenzie.   A...

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