China's steel output declines in 2021
China's steel output declined in 2021 amid the country's endeavor to achieve carbon peaking and carbon neutrality goals.
The country produced an estimate of 1.03 billion tonnes of steel last year, down 35 million tonnes from 2020, said the China Iron and Steel Association on Monday.
In the first 11 months of 2021, China's steel production reached 946 million tonnes, decreasing 2.6 percent year on year.
The steel and iron industry's combined profits surged 86.46 percent, year on year, to 351.7 billion yuan (about 55.25 billion U.S. dollars) during the January-November period last year as rising costs and demand pushed up prices.
Enterprises in the industry accelerated green and low-carbon transformation last year, with considerable reduction in energy consumption and sulfur dioxide emissions per tonne of steel produced, said the association.
（Editor:Liao Yifan）
