China wants to decarbonise steel – is that possible?

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06 July 2021

China wants to decarbonise steel – is that possible?

Report summary

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.

Table of contents

  • Technology focuses and priorities
  • Company strategies
  • Our outlook

Tables and charts

This report includes 4 images and tables including:

  • Reduction of carbon dioxide emissions via different technological routes
  • Baowu Steel Group Corporation
  • HBIS Group
  • Mingtal Group, Rizhao Steel, Jianlong Group and others

What's included

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  • Document

    China wants to decarbonise steel – is that possible?

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