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In September 2020, the Chinese president officially announced that his goal was to reach the peak of carbon emissions before 2030, followed by the elimination of carbon emissions before 2060.
At the beginning of the year, the Chinese government announced its goal of reducing steel production by 2021 as part of efforts to reduce carbon emissions. This report examines China's steel production in the first half of 2021. Also, the actions of the second half and its consequences for the demand of steelmaking raw materials are predicted.
Despite the Chinese government's desire to reduce steel production, in the first half of 2021, crude steel production increased by 64 million tons compared to the first half of 2020. All provinces and cities with steel capacity in China, with the exception of Tianjin and Hebei provinces, have seen an increase in production over the past year, although a decline in Chinese crude steel production in 2021 seems unlikely.
Ahan Pouya with more than a decade of best-selling experience, adheres to professional and ethical principles in the field of selling and buying at inside and outside the borders of Iran, helping you in the steel industry.
