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Review of the Energy Consumption and Production Structure of China’s Steel Industry: Current Situation and Future Development
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Review of the Energy Consumption and Production Structure of China’s Steel Industry: Current Situation and Future Development
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Journal Article
Review of the Energy Consumption and Production Structure of China’s Steel Industry: Current Situation and Future Development
2020
Overview
China produced 49.2% of the world’s total steel production in 2017. From 1990 to 2017, the world’s total steel production increased by 850 Mt, of which 87% came from China. After 30 years of rapid expansion, China’s steel industry is not expected to increase its production in the medium and long term. In fact, the industry is currently in the stage of industrial restructuring, and great changes will arise in production structure and technical level to solve pressing issues, such as overcapacity, high energy intensity (EI), and carbon emission. These changes will directly affect the global energy consumption and carbon emissions. Thus, a review of China’s steel industry is necessary to introduce its current situation and development plan. Therefore, this paper presents an overview of the Chinese steel industry, and factors involved include steel production, production structure, energy consumption, technical level, EI, carbon emission, scrap consumption, etc. In addition, four determinants are analyzed to explain the EI gap between China and the world’s advanced level. In addition, comparison of steel industries between China and the world, development plans for energy savings, and emission reduction are also included in this paper to give readers a clear understanding of China’s steel industry.
Publisher
MDPI AG
