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CSI: China’s tricky path to green steel (Oct. 12, 2023)

China has targeted carbon neutrality in 2060, and this is only possible with a significant shift in the steel industry. Currently, large steel companies led by Baowu Group and others are targeting neutrality in 2050, but they face a difficult road.

According to datasets published by the Carbon Emission Account & Datasets, China’s carbon emissions reached 11 billion tonnes in 2022, accounting for 28.87% of the world’s total. The steel industry contributed about 15% of total emissions, ranking first among all 31 manufacturing sectors. Therefore, steel production is and will be facing intense scrutiny from policy makers and end users as carbon neutrality rises on the global agenda.

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