India's steel demand is forecast to grow strongly as China's share falls to 31% by 2050, with rising consumption in India and Southeast Asia reshaping global trade flows
Policymakers worldwide are seeking to reduce carbon emissions in their fight against climate change, with steel traditionally among the most polluting industries
Outside of China, steel operations continued to struggle, with production slipping by 20.6% in Japan, down 13.4% in Germany and falling 24.4% in the United States