Iron ore surges $150 a ton after China eases steel’s green targets

11 Feb 2022 CW Team

As the economy of China has slowed down, the iron ore surged past $150 a ton after Beijing eases steel’s green targets.

The government of China has set 2030 as the new deadline for peak emissions for the steelmaking sector, compared to the earlier target of 2025.

China offered its huge steel industry five additional years of increasing carbon emissions, sending iron ore soaring as investors saw the move as a renewed focus on propping up the economy.

Beijing is changing its climate strategy and priming the economy for a strong and carbon-intensive stimulus.

The policy pivot is another indication that Beijing is recalibrating its decarbonisation plans to ensure industrial transitions don't end up damaging shortages or inflation.

An increase in construction activity means higher steel output, which increases iron ore demand and leads to more greenhouse gases.

In 2022, the steelmaking raw material has recovered over 70% compared to November 2021, leading toward steadier growth.

Beijing has already taken various measures to stabilise the economy from pandemic outbreaks and market slumps, including interest-rate cuts and accelerating infrastructure projects.

According to Li Shuo, an analyst, the change in China's policy might put the entire target of reaching peak emissions by 2030 at risk.

Sectors like steel would need to rise before to make space for sectors such as transportation, which are still developing.

Image Source

Also read: China to rollout infra projects to combat economic slowdown

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..