China’s steel demand to remain buoyant in 2021, production cuts to meet emission targets expected to proceed slowly

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

China's steel demand will remain robust this year amid a steady pipeline of infrastructure projects, while long-term plans to curb production to meet carbon emissions targets are expected to proceed slowly, said major players in the country's steel sector.

Heads of some of the largest steel producers in the country, including Hunan Valin Iron and Steel Group and Xinyu Iron & Steel, said a decline in steel output which was urged by the authority as part of the efforts to curb pollution was unlikely to kick in quickly, according to the state-backed