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30 Mar
13:35

Indian production growth seen offsetting Chinese capacity rationalisation

India’s expected doubling of steel production by 2030 could potentially offset the positive impact that China’s rationalisation of steel capacity has on global steel overcapacity and carbon intensity, according to Moody’s. China has tightened its policy on emissions and pollution in the steel industry. The government has suspended approvals for new steelmaking capacity, requested periodic production suspensions in regions of high pollution and …
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