https://www.scmp.com/rss/521018/feed Bonnie Zuo is the China engagement lead at Transition Asia, specialising in sustainability and climate change mitigation. She joined in 2022 as research lead, contributing to analyses like Green Steel Economics. Previously, she worked at CDP and Miotech, advancing ESG disclosure and investor-company engagement in China. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com In 2024, China’s crude steel production remained above the 1-billion-tonne mark, while consumption fell to 892 million tonnes, a 5.4 per cent decline year on year. Thus, even as demand for steel has decreased, overcapacity has persisted. Meanwhile, carbon intensity remains relatively high due to the dominance of coal-reliant steelmaking production processes. At the corporate level, factors such as green steel premiums and international tariffs are putting some pressure on profit margins, which... https://www.scmp.com/opinion/china-opinion/article/3303006/china-has-what-it-takes-lead-global-green-steel-revolution?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3303006/china-has-what-it-takes-lead-global-green-steel-revolution?utm_source=rss_feed Wed, 26 Mar 2025 08:30:07 +0000