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China's carbon emissions trading plans to keep steel on uptrend in long run

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Update time : 2021-06-30 18:10:42
Chinese steel prices, set to be capped to an extent in the second half of 2021 by the level of demand, are likely to stay on an up trend in the long run given the country's efforts to reduce carbon emissions through quota trading and implementation of carbon-free metallurgical technologies.

The China Iron & Steel Association said June 29 it was seeking measures and suggestions from the steel industry around carbon emissions monitoring and accounting, quota allocation, carbon asset management, low carbon iron-making and carbon capture and storage.

Meanwhile, the People's Daily -- a government mouthpiece -- called for a tough but steady approach in setting carbon emissions quotas, taking into account related industries' stress tolerance and competitiveness.

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