News > China has broken another emissions record — and it is good news for some Indian companies
China has broken another emissions record — and it is good news for some Indian companies
07/05/2021 04:30 PM | Click to read full article
China broke a new production record in April 2021. Every tonne of steel produced in 2018 emitted on average 1.85 tons of carbon dioxide according to an estimate from McKinsey, an international consulting firm.
If the carbon emissions from China are already worse than developed economies, it could mean more production curbs in the country in the near future. That could result in higher prices for Indian steelmakers who are trying to bridge the global supply gap.