By the end of 2025, China's steel industry's ultra-low emission transformation project was successfully completed, with more than 80% of the country's crude steel production capacity achieving ultra-low emissions. The industry as a whole invested more than CNY 370 billion. The concurrent energy efficiency benchmarking action achieved significant energy conservation and carbon reduction, marking a major milestone in the green and low-carbon transformation of China's steel industry.
Evaluation and Analysis
Crude steel
China's ultra-low emission transformation project for the steel industry has been successfully completed, with over 80% of the country's crude steel production capacity achieving ultra-low emissions, and a total investment exceeding CNY 370 billion. This has led to a significant increase in production costs, pushing up spot prices for crude steel. At the same time, the energy efficiency benchmarking initiative has achieved energy conservation and carbon reduction, improving industry efficiency and market confidence, supporting price increases.
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