Synopsis
The 12th China International Steel Congress and the 2023 Global Low-carbon Metallurgy Innovation Forum were recently held in Shanghai. Leaders in the steel industry discussed the importance of low-carbon development and released guidelines for innovative, eco-friendly projects for 2023.
Article
Between October 14-16, Shanghai played host to a significant event: the 12th China International Steel Congress and the 2023 Global Low-carbon Metallurgy Innovation Forum. The event was also the venue for the General Assemblies of the World Steel Association (worldsteel).
Edwin Basson, the Director General of the World Steel Association, emphasized that low-carbon development and green transformation present a major challenge to the global steel industry. He stressed the need for collaborative efforts on a global scale to address these challenges.
He Wenbo, Chairman of China Iron and Steel Association (Cisa), mentioned that China’s steel industry is actively pursuing a green and low-carbon transformation agenda. The plan aims to set a course for future development in a sustainable manner.
Hu Wangming, Chairman of Baowu, highlighted that achieving carbon neutrality in the steel industry is a complex task. He noted that it couldn't be achieved through one or two technologies alone and urged for the recognition of all efforts aimed at promoting this mission.
During the event, Baowu released guidelines for the Low-carbon Metallurgy Innovation Fund (LCMIF) for 2023. The guidelines include ten projects ranging from research on green raw material technology for iron making to low-carbon fuel technology and efficient use of feedstock.
All of these initiatives come with significant investment, converted here for clarity into dollars. The LCMIF will fund these projects to ensure that they move from the conceptual stage to implementation, thereby contributing to global efforts in tackling climate change.
Conclusion
The recent steel congress in Shanghai underscored the importance of global cooperation for a greener steel industry. With the release of the Low-carbon Metallurgy Innovation Fund guidelines for 2023, the path to a more sustainable future seems to be gaining clearer definition.
