No one is expecting China’s steel companies to turn carbon neutral even by 2030. The alternative technology is not yet tried and tested and would require billions of dollars of investment. That’s why this post doesn’t make sense longer term or short term. Chinese government has curtailed production through yearly targets and these targets are kept depending on the domestic economic growth being planned. In any case, China has been trying to curb export of carbon intensive materials and steel falls under that. They have taken explicit measures to reduce exports. And steel exports have been falling since 2015. So don’t see any change in view. See comment from Tata Steel on China’s export outlook in Q3 conf call. Same views echoed
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