China’s efforts to cut production and recycle more scrap via EAF could reduce CO2 emissions from the steel industry by 200 million tonnes by 2026. — Reuters
SINGAPORE: China approved no new coal-based steel projects in the first half of 2024, researchers say, accelerating its shift towards green production as it prepares for the impact of a new carbon levy on exports to Europe.
Local governments approved 7.1 million tonnes of new steelmaking capacity from January to June, but all of it was for cleaner scrap-based electric arc furnace (EAF) projects, rather than coal-intensive blast furnaces, said the Centre for Research on Energy and Clean Air (CREA).
