British steel, for comparison, has an operating (blast furnace) capacity of 5.9 MMt/year. Yet its going to take until 2032 for them to convert 4% of what China can do in a year? LMAO
After the very same company nearly did the same to Poland you would think other countries would think twice before letting them have their strategic resource production but alas.
His main point isn't even true, China is installing more electric arc furnaces every year. As of January 2024, China has installed 151 million metric tons per year of operating EAF capacity, exceeding the 143 MMt/y needed to achieve the 15% EAF production target by 2025.
British steel, for comparison, has an operating (blast furnace) capacity of 5.9 MMt/year. Yet its going to take until 2032 for them to convert 4% of what China can do in a year? LMAO
So yes, they are winning in every imaginable way
lmao, that's more than Europe's total steel production. Keep cryin' colonizers
https://www.eurofer.eu/statistics/production-of-crude-steel
An Indian company shut down British steel production last year
Ta ta!
After the very same company nearly did the same to Poland you would think other countries would think twice before letting them have their strategic resource production but alas.