According to London based climate analytics firm TransitionZero, China’s crude steel production could be up 4-7% this year compared to 2020. The finding means that the country’s ability to meet its government-set target of limiting 2021 steel outputs to 2020 levels is unlikely, unless there is a top down crackdown. The analysis used satellite imagery to estimate the utilisation rate of steel facilities. TransitionZero co chief executive Mr Matt Gray’s analysis came after Chinese media reported in August that the cuts on crude steel production had entered the implementation stage. For example, Hebei province, a major steel-producing region in the north, has said that it plans to reduce 21.7 million tonnes of crude steel production or a 8.8% drop compared to 2020. However, according to analysis “While China’s central authorities have made good progress in reducing production in eastern provinces, more needs to be done in central and western provinces to meet their production target.”The report said that the projected growth would result in an additional 158 million tonnes of carbon dioxide being emitted in China.China’s Ministry of Industry and Information Technology has pledged in January 2021 that it would keep its steel production in 2021 to below 2020 levels
According to London based climate analytics firm TransitionZero, China’s crude steel production could be up 4-7% this year compared to 2020. The finding means that the country’s ability to meet its government-set target of limiting 2021 steel outputs to 2020 levels is unlikely, unless there is a top down crackdown. The analysis used satellite imagery to estimate the utilisation rate of steel facilities. TransitionZero co chief executive Mr Matt Gray’s analysis came after Chinese media reported in August that the cuts on crude steel production had entered the implementation stage. For example, Hebei province, a major steel-producing region in the north, has said that it plans to reduce 21.7 million tonnes of crude steel production or a 8.8% drop compared to 2020. However, according to analysis “While China’s central authorities have made good progress in reducing production in eastern provinces, more needs to be done in central and western provinces to meet their production target.”The report said that the projected growth would result in an additional 158 million tonnes of carbon dioxide being emitted in China.China’s Ministry of Industry and Information Technology has pledged in January 2021 that it would keep its steel production in 2021 to below 2020 levels
