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China aims to achieve ultra-low emissions in steel production capacity by 2027
According to the report, the Ministry of Industry and Information Technology of the People's Republic of China (MIIT) is promoting a large-scale, intelligent, and environmentally friendly transformation of key equipment in the steel industry. This initiative focuses on implementing low-emission technologies and enhancing energy efficiency.
The MIIT anticipates that steel production capacity will achieve low carbon emissions exceeding 80% by 2027. Additionally, 30% of steel production capacity is expected to meet energy efficiency benchmarks, and 80% of operational procedures will be digitized.
Some market participants indicated that the steel industry would concentrate on six key areas of transformation: iron ore screening, pollution and carbon reduction, digital transformation, upgrading process equipment, enhancing the industrial operating system, and improving industrial software.
The MIIT anticipates that steel production capacity will achieve low carbon emissions exceeding 80% by 2027. Additionally, 30% of steel production capacity is expected to meet energy efficiency benchmarks, and 80% of operational procedures will be digitized.
Some market participants indicated that the steel industry would concentrate on six key areas of transformation: iron ore screening, pollution and carbon reduction, digital transformation, upgrading process equipment, enhancing the industrial operating system, and improving industrial software.
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