National Development and Reform Commission: By the end of 2025, the unit energy consumption of blast furnace and converter processes in the steel industry should be reduced by more than 1% compared to 2023.

Published: Jun 7, 2024 17:28
Source: SMM
On June 7, the National Development and Reform Commission and other departments issued a notice on the "Special Action Plan for Energy Conservation and Carbon Reduction in the Steel Industry."

On June 7, the National Development and Reform Commission and other departments issued a notice on the "Special Action Plan for Energy Conservation and Carbon Reduction in the Steel Industry." By the end of 2025, the energy consumption per unit product of blast furnace and converter processes in the steel industry should be reduced by more than 1% compared to 2023, the energy consumption per unit product of electric arc furnace smelting should be reduced by more than 2% compared to 2023, the comprehensive energy consumption per mt of steel should be reduced by more than 2% compared to 2023, and the self-generated electricity rate from residual heat, pressure, and energy will be increased by more than 3 percentage points compared to 2023. From 2024 to 2025, through the implementation of energy conservation and carbon reduction transformation and energy equipment updates in the steel industry, approximately 20 million mt of standard coal will be saved, and about 53 million mt of carbon dioxide emissions will be reduced.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[SMM Steel] Global crude steel production decreases in Feb y-o-y
4 hours ago
[SMM Steel] Global crude steel production decreases in Feb y-o-y
Read More
[SMM Steel] Global crude steel production decreases in Feb y-o-y
[SMM Steel] Global crude steel production decreases in Feb y-o-y
[SMM Steel] According to World Steel Association (worldsteel) data released on March 25, 2026, global crude steel production in February totaled 141.8 million tons, a 2.2% decrease year-on-year. For the first two months of 2026, total global output reached approximately 298 million tons, down 1.5% compared to the same period last year.
4 hours ago
MMi Daily Iron Ore Report (March 25)
7 hours ago
MMi Daily Iron Ore Report (March 25)
Read More
MMi Daily Iron Ore Report (March 25)
MMi Daily Iron Ore Report (March 25)
Dalian iron ore futures trended weaker throughout the day. The most-traded I2605 contract concluded the session at 806.5 RMB per tonne, a decrease of 1.83% from the previous trading day. In the physical market,
7 hours ago
HRC Fundamentals: Maintenance Impact Down, Inventory Destocking Continues, Prices Expected to Fluctuate
7 hours ago
HRC Fundamentals: Maintenance Impact Down, Inventory Destocking Continues, Prices Expected to Fluctuate
Read More
HRC Fundamentals: Maintenance Impact Down, Inventory Destocking Continues, Prices Expected to Fluctuate
HRC Fundamentals: Maintenance Impact Down, Inventory Destocking Continues, Prices Expected to Fluctuate
Back to HRC fundamentals, impact from maintenance for hot-rolled products was 80,600 mt this week, down 234,300 mt WoW; impact from maintenance for hot-rolled products next week is expected at 9.34 mt, an increase of 12,800 mt from this week. Inventory-wise, destocking continued in Ningbo, Lecong, and Tangshan, while inventories in Shanghai and Zhangjiagang edged up slightly. Overall inventory was still expected to remain in a destocking trend. Attention should be paid to tomorrow's SMM weekly HRC balance. In the short term, HRC prices were still expected to fluctuate with costs, with limited momentum for further gains.
7 hours ago
National Development and Reform Commission: By the end of 2025, the unit energy consumption of blast furnace and converter processes in the steel industry should be reduced by more than 1% compared to 2023. - Shanghai Metals Market (SMM)