Aluminum And Steel Could Peak In China As Coal Is Fazed Out ...Middle East

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Aluminum And Steel Could Peak In China As Coal Is Fazed Out
source : OILPRICE ( Middle East ) () 16
China’s steel and aluminum market is undergoing a quiet revolution. It’s not a revolution of investment or innovation. Peak aluminum, steel in China? According to Reuters, Beijing’s target of peak coal use by 2030 is asserting a dampening effect on new steel mill and aluminum smelter investment. As such, the country could be at or near peak production. As Reuters’ Andy Home notes, the country’s rising output over the years has had a dampening effect on prices. That trend has led some Western producers to cease operations.…

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