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China to further cut crude steel output for carbon neutrality target

China will resolutely cut the output of crude steel and ensure it falls year-on-year in 2021, a senior official said on Tuesday, December 29, 2020.

Li Keqiang
China’s Premier, Li Keqiang

Efforts will be made to promote low-carbon industrial development and green manufacturing in 2021, said Minister of Industry and Information Technology, Xiao Yaqing, at a conference.

China previously announced that it will strive to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060.

In recent years, China has taken solid steps to cut overcapacity, particularly in the energy-consuming steel sector.

During the 13th Five-Year Plan period (2016-2020), China met its target of reducing steel output by 150 million tonnes ahead of schedule.

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Energy consumption per unit of industrial output by China’s designated large enterprises also saw a remarkable drop, according to the conference. 

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