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Carbon dioxide capture, utilization, and storage (CCUS) have been identified as one of China's key applications to achieve China's carbon emission reduction goals. CCUS refers to capturing and purifying carbon dioxide from different emission sources (including the air) to realize a permanent reduction in emissions through conversion and utilization in the new sectors. A number of factors highlight the importance of CCUS in helping to reduce emissions: 1) it is the only technology pathway for the decarbonization of fossil fuels, 2) thermal power combined with CCUS can maintain the flexibility of power systems, 3) it can help the decarbonization of those energy-intensive and high-emission industries, such as steel and petrochemicals, and 4) Technologies combining CCUS with new energy to achieve negative emissions are important pillars for carbon neutrality.
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Mar 29, 2022 mysteel.net release notice
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China Baowu Steel Group (Baowu), the world's largest steel group, has begun constructing a hydrogen-based shaft furnace at its Zhanjiang steelworks in South China's Guangdong province as part of its drive towards achieving carbon net-zero by 2050, according to a company post on February 16.
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Chinese steel mills in provinces where events for the ongoing Winter Olympic Games are being held are being asked to further restrict their operations in response to deteriorating air quality, according to market sources on February 9-10.
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Much as market watchers had predicted, more steel producers in North China have been pressed by local authorities to initiate additional production restrictions as part of efforts to reduce air pollution before the Winter Olympic Games commence within a few days. The most recent order is for steel mills in Tangshan, the country's top steel producing city, where producers are planning to take down another 17 blast furnaces for maintenance.
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Steel mills and mining enterprises in northern China have yet to experience any major disruptions to production and transportation of their commodities ahead of the upcoming Winter Olympic Games being staged in and around Beijing over February 4-20. But mill and mine representatives canvassed by Mysteel Global on Wednesday anticipated that local and central government authorities will take measures to ensure that the events are held under clear skies and are not overshadowed by incidents.
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Nippon Steel, Japan's largest integrated mill, has aiming to take full control of two electric-arc-furnace (EAF) steel producers in Thailand producing commercial grade hot rolled coil, the company announced on January 21. The two companies are G Steel Public (G Steel), the former Siam Strip Mill, and GJ Steel Public (GJ Steel), formerly Nakornthai Strip Mill Public.
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North China's Tangshan, the country's top steel-producing city close to the capital, Beijing, has adjusted its plans for limiting production on local industries including steelmakers for the remaining winter months until mid-March. Steel industry watchers say Tangshan's authorities will be hitting local steel production again that had just recovered.
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2021 was undoubtedly a year full of surprises, where China's crude steel output declined on-year for the first time in five years and where Chinese steel prices hit historical highs under the twin thrusts of improved domestic and overseas market conditions.
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During 2021, another 26 Chinese steelmakers were recognized by the China Iron & Steel Association (CISA) as meeting 'ultra-low' emission standards, a key component in the country's drive towards clean and low-carbon steelmaking. This took the total number of mills meeting the tough standards to date to 34, according to a posting in the CISA website. Several enterprises are wholly owned subsidiaries of the country's largest steel groups, Mysteel Global notes.
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China's four key carbon-intensive industrial sectors comprising electricity generation, steel production, cement manufacturing and coal chemicals production, are forecast to reach peak carbon emissions overall by 2025, according to a recent report by Beijing-headquartered public institution, the Chinese Academy of Environmental Planning, and the non-profit environmental organization, the Natural Resource Defense Council. By 2025, the four industries' total coal consumption will reach 2.49 billion tonnes of 7,000 kcal/kg standard coal, with carbon emissions that year forecast to total 8.01 billion tonnes, the report notes.
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Nippon Steel Engineering (NSE), the engineering arm of Japan's largest steel producer, will build three dry quenching coking plants for South Korea's Hyundai Steel at its Dangjin integrated steelworks with one at a capacity of 230 tonnes/hour and other two at 200 t/h, to replace its wet quenching plants, NSC shared in a release on December 7.
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Steel producers in Tangshan, China's top steel production base in North China's Hebei, have again been ordered to observe emergency restrictions on many of their operations to combat a sudden rise in atmospheric pollution over the city. The new measures took effect from Wednesday afternoon and were announced just days after the mills and other industrial enterprises had emerged from the last round of curbs just last Sunday.
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China Baowu Steel Group, the world's largest steel producer, has formed an alliance with global industrial partners in a joint attempt to develop low-carbon steelmaking and cut emissions from the steel sector, according to a Baowu post on November 18 which coincided with the alliance's inauguration ceremony in Shanghai the same day.
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BHP, the world's second largest iron ore miner, is collaborating with Hebei Iron & Steel Group (HBIS), the second largest steelmaker in China, in supporting research into low carbon iron and steelmaking technologies, according to a BHP press release issued on November 11.
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China's energy consumption structure had been optimizing steadily by September, with the on-year growth slowing down on quarter especially for those energy-intensive sectors such as steelmaking, and clean energy had been expanding continuously, the country's National Energy Administration (NEA) shared on November 8 at a press conference.
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China's State Council has released an action plan on how to realize carbon emission peak by 2030 to public on October 26, listing out the key tasks such as further reducing energy intensity in per unit of gross domestic product (GDP), increasing the proportion of non-fossil energy in consumption, and promoting clean energy and recycling in the country's heavy industries including steelmaking and non-ferrous metals smelting.
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After having halted producing hot-rolled coils (HRCs) at its Okayama works in western Japan since April 2015, Tokyo Steel Manufacturing, Japan's leading electric-arc-furnace steel producer, will resume producing HRCs at this steelworks around the end of 2022 or the start of 2023 in response to the growing demand for HRCs and the growing competitiveness of EAF mills with the decarbonization efforts in steelmaking globally.
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Sydney, Shanghai 14 October 2021 – FEX
Global Australia and Mysteel today announced the signing of an agreement
whereby FEX Global will seek to settle certain FEX benchmark contracts against
the Mysteel IOSCO compliant price assessments, subject to regulatory approvals.
Brian Price, FEX Global Executive
Director, said “Mysteel has been assessing prices in the
domestic Chinese
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Chinese steel market sources have expressed only limited concern at the tougher production curbs announced Wednesday to be imposed on steel mills in North China over November-March. Market insiders canvassed on October 14 said it was taken for granted that restrictions on steel producers’ operations will continue, at least for the near future.
