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China’s 2024 ‘Blue Sky War’ to add uncertainty to iron and steel markets
China’s State Council has set a two-year action plan for cleaner air, and the comprehensive strategy to improve air quality will affect all key economic sectors, market sources told Fastmarkets This will add uncertainty to the iron ore and steel industries over the next two years, they said. This is the second action plan to promote China’s high-quality economic development through continuous improvement of air quality, following the previous Three-Year Action Plan for Winning the Blue-Sky Defense Battle issued in June 2018. Objective to further upgrade steel industry in line with decarbonization drive Some ... (full story)