China’s EAF capacity growth gathers pace in 2022 as steel sector tracks decarbonization goals

China has stepped up the pace of developing electric arc furnace-based steelmaking capacity in 2022 to mark growing efforts from the steel industry, which is steadily aligning itself with the country’s lofty decarbonization goals. The country has approved the construction of 16 new EAFs with a total crude steel capacity of 13.67 million mt/year over January-April, S&P Global Commodity Insights…