| |
3 Pages

Illegal induction furnace closures bring upside to China steel outlook

Illegal induction furnace closures bring upside to China steel outlook

Report summary

Induction furnaces and the steel they produce have been illegal in China since 2000. However, they still exist on a large scale. The ongoing endeavours to tackle overcapacity have revealed the extent of the problem, and China is attempting to eliminate this capacity with more practical measures, particularly at provincial government level. The demand for steel previously met by illegal induction furnaces will have to turn to legitimate blast furnace producers, which provides significant upside to our steel price outlook. However, the positive impact on iron ore and coking coal demand is minimal as more scrap availability may partly offset the increased demand from blast furnaces. 

What's included?

This report includes 1 file(s)

  • Illegal induction furnace closures bring upside to China steel outlook PDF - 243.51 KB 3 Pages, 0 Tables, 0 Figures


This Metals Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For industry participants and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making.

Our analysts are based in the markets they analyse and work with high-quality proprietary data to provide consistent and reliable insight.

We provide unique in-depth analysis of the metals supply industry so you can make confident strategic decisions.

  • Illegal steel made from induction furnaces
  • What is an induction furnace?
    • What products do induction furnaces make?
    • How much steel is made from induction furnaces?
  • Implications of shutting down induction furnaces
    • Why has China suddenly become tough on induction furnaces?
    • What are the implications for our steel outlook?
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...