Carbon neutrality will bring profound changes to the global steel industry in that it will reduce steel demand, restructure demand, raise production cost, and erect “green” barriers in steel trading, Jiang Li, chief analyst of China Iron & Steel Association (CISA), remarked when presenting on July 2

The domestic steel industry is under pressure to cut production, while demand from downstream steel-consuming industries is likely to weaken too,” the association pointed out in the report. China has entered the traditional off season for steel consumption in summer when road freight and work on bui