SSF 2021: Challenges in shift to carbon neutrality in China’s steel industry

China’s steel industry is driving a change towards carbon-neutral or low carbon-based steel production in response to national plans to reach peak carbon by 2030 and carbon neutrality by 2060.

Carbon neutrality is a shared challenge for the global steel industry but China faces some unique ones, Frank Zhong, the chief representative in Beijing of the World Steel Association (Worldsteel), said on Thursday July 15 in a session at the Singapore Steel Forum 2021 about the future of steelmaking and meeting carbon-neutrality goals. Global crude steel output was about 1.8 billion tonnes in 2020, of which China accounts for about 50%, according to Worldsteel. Major Chinese steel mills have announced they will spare no effort to meet carbon neutrality by 2060. They plan to meet the goal mainly by improving raw material ratio through using more pellet, DRI, pig iron and ferrous scrap and by using less fossil fuel. They will also...

Published

Alice Li

July 15, 2021

16:39 GMT

Shanghai