China’s steel greening to crush iron ore

Via MySteel:

Beijing has been working quietly on carbon emission cuts for a few years but its open pledge in 2020 to peak the country’s carbon emission by 2030 and to achieve carbon neutrality by 2060 has undoubtedly imposed more pressure publicly on the steel industry, the country’s second largest carbon emission source only after the thermal coal power generation.

Over 2016-2020, China chopped off 150 million tonnes/year of steelmaking capacity, 140 million t/y of induction furnace steel capacity, and over 800 million t/y of coal capacity, which had eased the carbon emission, and China has introduced the “ultra-low emission” standards to the country’s steel industry in May 2018 too as part of the efforts to reduce the waste emission including carbon.

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