A new report says China’s power industry began construction on nearly 100 gigawatts of new coal plant capacity last year, the most in nearly a decade

China started construction on 94.5 gigawatts of coal-fired power in 2024, the highest volume of new builds since 2015, hampering the country's transition away from fossil fuels, researchers said in a report published on Thursday.

The Chinese economy has a significant impact on the performance and profitability of the steel industries of countries worldwide. Learn how global steel markets react.

The US' decision to impose a 25% tariff increase on all steel and aluminum exports has sparked concerns within the global steel industry.

China's Iron and Steel Association said the 25% tariff increase on all steel and aluminum imports to the U.S. would have an adverse impact on the supply chain of the global steel industry, including China's steel industry,