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MIIT: Processing capacity of companies access to iron and steel scrap processing exceeds 180,000,000tpy by 2025

China's Ministry of Industry and Information Technology (MIIT), National Development and Reform Commission (NDRC) and Ministry of Ecology and Environment (MEE) issued a notification on implementation measures about peak carbon emission in industrial field on August 1st. The notification encourages cluster development in primary and secondary areas and smelting and processing areas in iron & steel, non-ferrous metal and other industries. By 2025, the annual processing capacity of companies access to iron and steel scrap processing will exceed 180,000,000t, including over 15% for short-process steelmaking. By 2030, breakthroughs in application of technologies including carbon capture, utilization and storage, hydrogen-based shaft furnace direct reduction process and others will be made with a proportion of over 20% for short-process steelmaking.