Chinese steel giant Baosteel has recently released 2021 Climate Action Report. It is the first climate report by a Chinese steel enterprise, which gives an in-depth and detailed description of Baosteel’s mid & long term goals and action path for carbon neutralization. It demonstrates Baosteel’s comprehensive green and low-carbon product layout. The report shows that Baosteel has been vigorously promoting green steel manufacturing and focuses on six major aspects1. Hydrogen Rich Carbon Cycle Blast Furnace2. Hydrogen Based Shaft Furnace3. Scrap Steel Utilization4. Green Energy5. Ultimate Energy Efficiency6. Smart ManufacturingBaosteel has established its own commercially feasible energy-saving and low-carbon technology library and has saved a total of 460,000 tonnes of standard coal in five years by rapidly adopting the latest energy saving and low carbon technologies and pursuing the ultimate energy efficiency in all production processes. In 2020, Baosteel invested in the conversion of a 430 cubic meters conventional blast furnace into a hydrogen rich carbon cycle blast furnace, conducted the second-stage test in 2021 and is currently under construction for the third-stage test.