Decarbonizing Steel Production Is Essential

Steel production is a significant source of global carbon emissions, accounting for approximately 7-9% of direct emissions from the global use of fossil fuels. As the world's largest steel producer and consumer, China plays a critical role in decarbonizing this sector. The real estate industry, which represents about 30% of China's steel consumption, has significant potential to drive demand for lower-carbon alternatives.

Decarbonizing steel production is essential for addressing climate change, but it requires collaboration across the entire supply chain. By bringing together leading real estate developers and steel manufacturers, we aim to send an urgent signal to the market for low carbon emissions steel and catalyze a unified action to reduce emissions.