As the global steel industry advances low-carbon development, the maximum utilization of steel scrap will be the most practical approach to help reduce carbon emissions in the near- to medium-term future, suggests Zhong Shaoliang, chief representative of the Beijing office of the World Steel Association (WSA).

Last month’s decline in shipments abroad showed that the central government’s policies discouraging the export of finished steel products are having some impact, market observers noted.

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