Steel Insights Bureau
The steel sector accounts for close to 15 percent of China’s total emissions, highest among industrial sectors.
The March annual plenary session of the National People’s Congress announced new targets for achieving carbon neutralisation to be achieved through reducing energy consumption and carbon dioxide emissions per unit of GDP respectively by 13.5 percent and 18 percent during 2021-25 period.
The development comes at a time when steel futures in China touched highest level in a decade as sharp recovery in seasonal demand post New Year break became apparent.
However, there are uncertainties over production growth, following recent announcements of output restrictions in Tangshan.
China’s Ministry of Ecology and Environment (MEE) earlier urged industrial units in Tangshan, a key steel making region, to crack down on violations of environment rules.
The ministry also asked local government to eliminate outdated capacity.
The local Tangshan government issued second-level pollution alert in March urging steel and coking plants to cut production.
この記事は Steel Insights の April 2021 版に掲載されています。
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