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What's driving China's record steel production?

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Listen: What's driving China's record steel production?

If China is cutting output, why is it producing so much steel? Will new electric arc furnace capacity displace blast furnace output? What could be the resultant impact on iron ore and scrap demand? How is steel demand in H2 shaping up?

S&P Global Platts senior managing editor Paul Bartholomew look at these issues and more with steel analysts Zhang Jing and Jeffery Lu.

Related blog: Don't hold your breath — 2+42 Chinese steel-producing cities
Related special report: Beijing's visible hand: China's demand for iron ore and scrap through 2020