With a production capacity of over 620 million tons, more than 140 steel companies have completed the implementation of ultra-low emission transformation

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With a production capacity of over 620 million tons, more than 140 steel companies have completed the implementation of ultra-low emission transformation

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At the 2024 Global Low-Carbon Metallurgy Innovation Forum held in Shanghai, recent data released by the China Iron and Steel Association revealed that as of August this year, over 140 steel enterprises in China have implemented ultra-low emission transformations totaling more than 620 million tons of capacity. The association has also recently introduced a group standard for low-carbon steel emissions in China.

This newly released standard for low-carbon steel sets evaluation metrics for different carbon-reduction processes in both upstream and downstream steel industry stakeholders. It enables the accounting of greenhouse gas emissions for crude steel or hot-rolled products and assesses their carbon emission levels, thereby accelerating the adoption of processes that show significant carbon reduction effects.

Liu Yinghao, Chairman of the Technical Committee for the Environmental Product Declaration Platform of the China Steel Association, commented on the standard’s development: “We rallied nearly 330 million tons of domestic steel capacity to participate in testing this standard. This makes it one of the largest foundational tests of its kind globally. A slight improvement in our steel production could lead to substantial benefits across the entire value chain.”

During the forum, China also unveiled its first batch of low-carbon emission steel products.

Gao Jianbing, Deputy General Manager of China Baowu Steel Group, stated, “We are launching six low-carbon brand steels, including a high-efficiency, environmentally friendly oriented silicon steel. This product has the potential to reduce carbon emissions by 7.5 million tons annually during the high-pressure electrical transmission and transformation process, facilitating a green and low-carbon transition for our clients across the supply chain.”

With ongoing advancements in technologies and shifts in both domestic and international steel market demands, it is anticipated that by 2030, the development and utilization of high-grade steel materials will enable downstream industries to reduce carbon emissions by as much as 1.35 billion tons.