China's steel demand to fall by 2050

China's steel demand to fall by 2050.

China's demand for steel is expected to dive by at least 40 per cent by 2050, a government climate adviser in one of the world's biggest greenhouse-emitting countries says.
Dr Jiang Kejun, who leads environmental policy analysis at China's Energy Research Institute of the National Development and Reform Commission, says many heavy industrial products, including steel, are reaching their peak and will be used less under future clean energy programs. He told a Climate Commission function in Melbourne the need for steel is expected to decline from a peak of 610 million tonnes in 2020 to 360 million tonnes by 2050, along with a fall in the need for other products including glass, aluminium and cement.

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