A shift toward electric-arc furnace steelmaking could help China’s steel sector
restore profitability eroded by overcapacity and weak demand, the Centre for
Research on Energy and Clean Air said. Raising EAF usage to 20% by 2030 could
improve margins and generate up to 220 billion yuan in annual profits. “The 15th
Five-Year Plan provides a critical window,” said Xinyi Shen, adding the
transition could also cut emissions by nearly 37% by 2035.
