China to Increase Scrap Based Steel Making to Protect Climate
Reuters reported that China plans to increase its use of steel scrap and to increase production of recycled nonferrous metals, in an effort to ensure supplies and to meet the country's climate commitments. National Development and Reform Commission said “China's steel scrap usage was around 260 million tonnes in 2020, which could increase by 23% to 320 million tonnes by 2025.”
National Development and Reform Commission also said “China will boost its recycled nonferrous output to 20 million tonnes in the next five years from 14.5 million tonnes in 2020. That includes targets of 4 million tonnes of recycled copper, 11.5 million tonnes of recycled aluminium and 2.9 million tonnes of recycled lead.”
The NDRC also vowed to raise the substitution rate of renewable resources to primary resources and to enhance utilisation of low grade ores, tailing dams and other resources. The plan will also help the country to meet its carbon peak and carbon neutrality goals. China plans to bring its greenhouse gas emissions to a peak before 2030 and to become "carbon neutral" by 2060. The ferrous sector contributes about 15% to China's total carbon emissions while the nonferrous industry accounts for about 4.7%.