No specific goals were given on Monday, unlike a draft plan released at the end of 2020 that had aimed for China’s top five steelmakers to account for 40 per cent of total steel output by 2025. Photo: Barcroft Media via Getty Images
No specific goals were given on Monday, unlike a draft plan released at the end of 2020 that had aimed for China’s top five steelmakers to account for 40 per cent of total steel output by 2025. Photo: Barcroft Media via Getty Images
China’s carbon neutral goal
Economy /  China Economy

China to ‘significantly increase’ iron ore output, boost use of scrap steel to develop greener ferrous industry

  • China’s Ministry of Industry and Information Technology (MIIT) reiterated a desire for consolidation and restructuring in the steel sector
  • The statement said more than 80 per cent of steel capacity should complete ultra-low emissions reform by 2025, and the industry’s carbon emissions should peak before 2030

Reuters
Reuters

Updated: 5:34pm, 7 Feb, 2022

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No specific goals were given on Monday, unlike a draft plan released at the end of 2020 that had aimed for China’s top five steelmakers to account for 40 per cent of total steel output by 2025. Photo: Barcroft Media via Getty Images
No specific goals were given on Monday, unlike a draft plan released at the end of 2020 that had aimed for China’s top five steelmakers to account for 40 per cent of total steel output by 2025. Photo: Barcroft Media via Getty Images
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