Ensure a year-on-year decline in steel production in 2021

Recently, at a press conference of the State Information Office, Huang Libin, director of the Operation Monitoring and Coordination Bureau of the Ministry of Industry and Information Technology, stated that he will combine the current overall trend of industry development and focus on achieving the "carbon peak" and "carbon neutral" phased goals, and gradually establish a stock constraint mechanism based on carbon emissions, pollutant emissions and total energy consumption, study and formulate relevant work plans, and ensure a full year-on-year decline in steel production in 2021.

This may be the first decline in China's steel output after years of rapid growth. Huang Libin said that the Ministry of Industry and Information Technology will strictly prohibit new steel production capacity in the next step. For steel smelting projects that really need to be built, it is necessary to strictly implement the policy of capacity replacement, and increase the investigation and punishment of illegal new smelting capacity behaviors, strengthen negative warnings, and further guide and consolidate the effectiveness of steel decapacity work.

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