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China’s steel industry has entered a new stage of tackling carbon emissions

On February 2, the National United Metallurgical Chamber of Commerce held a meeting to promote the high-quality development of private steel. China proposed to achieve the peak of carbon emissions in 2030 and achieve carbon neutrality in 2060. Iron and steel enterprises are the industry with the largest carbon emissions among the 31 manufacturing sectors, accounting for about 15% of the country's total carbon emissions. Steel has entered a new critical period in reducing carbon emissions.

In 2020, the development momentum of private steel enterprises is relatively good. According to Wang Lianzhong, vice chairman of the National United Metallurgical Chamber of Commerce, the total crude steel output of private iron and steel enterprises in 2020 is 665.69 million tons, a year-on-year increase of 5.98%. The proportion of crude steel output in the country increased from 62% last year to 63.21%, an increase of 1.2 percentage points. The total output of pig iron was 53.75 million tons, a year-on-year increase of 5.2%. The proportion of pig iron output in the country increased from 58% last year to 60%, an increase of 2 percentage points. The cumulative output of steel was 94.876 million tons, a year-on-year increase of 8.9%. The proportion of national steel output increased from 70% last year to 71.6%, an increase of 1.6 percentage points.

In 2020, my country imported 1.17 billion tons of iron ore, a record high. my country's dependence on iron ore has exceeded 80% for many years. Imported iron ore exceeded 1 billion tons for several consecutive years, and the price of iron ore has continued to rise at a high level. The right to speak and pricing is extremely asymmetric, which seriously affects the safety of the steel industry chain supply chain and restricts the sustainability of the steel industry. development of.

Zhao Xizi said that “the proportion of self-power generation in steel plants should be increased.” According to the data of the Metallurgical Development Research Institute, if the entire steel industry reaches 50% of the self-power generation, then 240 million tons of carbon emissions can be reduced each year. In addition, it is necessary to strictly control production capacity, adhere to reduction in development, vigorously develop short-process steelmaking, and increase the proportion of scrap steel.

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