China wants to decarbonise steel – is that possible?

China is mobilising its massive steel industry toward carbon neutrality by 2060. There are questions about just how realistic and effective its decarbonisation efforts will eventually become. While China's precise path to get there yet hasn’t been defined, major Chinese steelmakers have reinforced China's seriousness about achieving its net-zero carbon emission target by announcing more aggressive carbon emission reduction plan. We believe China's overall target is still ambitious. Continuous government support on green policies, significant investment on infrastructure and joint efforts among the steel industry, research agencies and universities will be crucial for China to achieve its target over the longer term.