The world's largest steel maker issued a warning about a crisis in the industry unfolding in China, carrying the potential to ripple around the globe and plunge the sector into a deeper downturn.

China issues stark warning of 'severe' steel crisis amid slowdown

For the very first time since making landmark climate neutrality commitments in 2020, China did not permit any new coal-based steelmaking projects in the first half of the year, according to a report released Thursday.

China's steel revolution: pioneering decarbonisation for global impact

China is trying to overhaul its steel industry by using mergers and restructuring to cut chronic overproduction

Two top China steelmakers announce merger to combat glut

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China issues stark warning of 'severe' steel crisis amid slowdown

China's steel revolution: pioneering decarbonisation for global impact

Two top China steelmakers announce merger to combat glut