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Old ships contain mountains of scrap needed for lower-carbon steelmaking. But the course from ship to furnace is made harder by global politics.
The 2025 surge is less a return to resource-buying than a shift towards construction-led industrial infrastructure and selective financing.
Policies encouraging use of cleaner steel and cement in Chinese-financed construction projects could help drive down emissions.
As nuclear energy returns, the government, universities and companies are training the next generation of engineers to operate and regulate it.
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