As early as 2022, the Chinese government set a clear target: to raise the share of electric arc furnace (EAF) steel to 15% of total crude steel production by 2025. The aim was to shift the industry away from its reliance on the carbon-intensive blast furnace–basic oxygen furnace (BF–BOF) route and toward lower-emission, scrap-based EAF steelmaking. Yet, three and a half years later, progress has stalled. EAF production continues to hover around 10%, with utilisation rates and profitabilit...| Centre for Research on Energy and Clean Air (CREA)
By Chengcheng Qiu| Centre for Research on Energy and Clean Air (CREA)
Authors: Petras Katinas, Luke Wickenden & Vaibhav Raghunandan| Centre for Research on Energy and Clean Air (CREA)
By Qi Qin, China Analyst; Chengcheng Qiu, China Analyst; Danny Hartono, Data Scientist; with contributions from Lauri Myllyvirta, Lead Analyst| Centre for Research on Energy and Clean Air (CREA)