Green steel demand surges, low-carbon technology becomes key to competition

In 2023, the EU Carbon Border Adjustment Mechanism (CBAM) will be officially put into trial operation. China will have to pay additional carbon emission costs for carbon steel screws and stainless steel products exported to Europe. The industry predicts that the utilization rate of low-carbon steel using hydrogen steelmaking and short-process electric furnace technology will increase to 30%, forcing domestic manufacturers to accelerate the upgrading of clean production technology.

In-depth analysis: The implementation of the carbon tariff policy has not only increased export costs but also promoted domestic companies' investment in green production processes. Some leading companies have begun to use renewable energy electricity, covering part of the production energy consumption through photovoltaic power generation and reducing carbon emissions. At the same time, companies are also developing new low-carbon materials to meet international market demand.

Future Outlook: It is expected that by 2025, companies with low-carbon production capabilities will occupy a larger share of the international market, while companies that fail to transform in time may face the risk of order loss and market shrinkage.