China’s steel output caps to continue in 2022 despite easing emissions timelines

China’s crude steel production will continue to get capped in 2022 and beyond, keeping annual output below 2021 levels, a development that comes despite a flexible timeline allowed for reaching peak carbon emissions, industry sources told S&P Global Platts. China’s Ministry of Industry and Information Technology in a guideline issued Feb. 7 made the timetable to achieve peak carbon emissions…