China will step up efforts in reducing steel production and set up a mechanism for the regulation of the remaining steel to reach goals for "carbon-peak" and "carbon neutralization".
Global crude steel production in 2020 slipped 0.9% year over year to 1.86 billion mt as rising output in Iran, Turkey and China almost fully offset losses in most other major steel-producing countries, the World Steel Association said in a Jan. 26 report.