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Comment by pfdietz

16 days ago

> The cost of steel production in China is around 540,000,000 gWh/day

If by cost you mean energy cost, this is clearly wrong. It amounts to a power flow of 22,500 TW, when total world primary energy consumption is about 20 TW.

Edited. Too many moving pieces and not one-to-one comparable. Simplified by just using Chinese govt statistics alone.