China's Electric Arc Furnace Steel Production Set to Almost Double by 2030

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Researched by Industrial Info (Sugar Land, Texas)--In order to reduce carbon emissions, China aims to increase its capacity of steel produced by electric arc furnaces (EAF) to 15% of production by 2025 and 20% by 2030, according to China's Ministry of Industry & Information Technology (MIIT). This will accompany a similar decrease in integrated blast furnace steelmaking operations.

China produced about 1.03 billion metric tons of steel in 2021, which is more than half the 1.9 billion metric tons produced globally. To meet its 2030 goal of 20% EAF capacity, China would need to almost double its current EAF capacity by that time to produce about 200 million metric tons of steel by EAF technology.

By comparison, the U.S. produced about 86 million metric tons in 2021.

Currently, China has 740 active steelmaking projects, totaling about US$125.6 billion.

Click on the image at right to view a chart detailing the top 10 provinces in China's steel-manufacturing sector, by project spending.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can click here for a full list of detailed reports for steelmaking projects across China.

China's Hebei and Jiangsu provinces are the number one and two provinces for steel-manufacturing projects with US$27.5 billion and US$18.2 billion, respectively, worth of activity.

New steel mill construction accounts for 24% of the value of those projects, while mill expansions and unit additions make up about 71%. The remaining 5% includes other capital projects, including modernizations, upgrades, rebuilds, automation and maintenance.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).